Acadian Asset Management LLC Takes Position in Vornado Realty Trust $VNO

Key Points

• Acadian Asset Management LLC has made a new investment in Vornado Realty Trust, acquiring 90,384 shares valued at approximately $3.34 million.
• Insider activity includes the sale of 30,000 shares by EVP Haim Chera, totaling over $1.18 million.
• Vornado Realty Trust reported a quarterly EPS of $0.56, exceeding analysts' expectations of $0.53, but experienced a 2.0% decline in revenue year-over-year.

Acadian Asset Management LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 90,384 shares of the real estate investment trust's stock, valued at approximately $3,341,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $2,151,000. Teacher Retirement System of Texas purchased a new position in shares of Vornado Realty Trust in the first quarter valued at $876,000. Handelsbanken Fonder AB grew its holdings in shares of Vornado Realty Trust by 20.7% in the first quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock valued at $1,898,000 after purchasing an additional 8,800 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Vornado Realty Trust by 18.2% in the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock valued at $208,000 after purchasing an additional 868 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VNO shares. Citigroup raised shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and raised their target price for the company from $34.00 to $42.00 in a report on Friday, September 12th. Mizuho cut their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Barclays raised their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Scotiabank dropped their price objective on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Finally, Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $38.64.

Insider Activity

In other news, EVP Haim Chera sold 30,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.42% of the company's stock.

Vornado Realty Trust Trading Down 1.1%

NYSE VNO traded down $0.45 on Friday, hitting $41.47. 6,274,347 shares of the stock were exchanged, compared to its average volume of 1,952,461. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The stock has a fifty day moving average price of $38.85 and a two-hundred day moving average price of $37.97. The firm has a market capitalization of $7.96 billion, a P/E ratio of 10.26, a P/E/G ratio of 5.28 and a beta of 1.58. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business's revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Profile

Vornado Realty Trust is a fully - integrated equity real estate investment trust.