Aew Capital Management L P Purchases 75,080 Shares of Vornado Realty Trust $VNO

Key Points

• Aew Capital Management L P has increased its stake in Vornado Realty Trust by 15.3%, acquiring an additional 75,080 shares, bringing its total ownership to 565,080 shares valued at approximately $20.9 million.
• Vornado Realty Trust reported earnings of $0.56 per share for the latest quarter, slightly exceeding analyst expectations, but its revenue of $441.44 million was down compared to the prior year.
• Analysts have mixed ratings on Vornado Realty Trust, with a current consensus rating of "Hold" and a target price averaging around $38.22.

Aew Capital Management L P increased its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 565,080 shares of the real estate investment trust's stock after buying an additional 75,080 shares during the quarter. Vornado Realty Trust accounts for 1.0% of Aew Capital Management L P's portfolio, making the stock its 27th largest position. Aew Capital Management L P owned about 0.29% of Vornado Realty Trust worth $20,902,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Compound Planning Inc. lifted its position in Vornado Realty Trust by 4.4% in the first quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust's stock valued at $272,000 after purchasing an additional 311 shares during the last quarter. Norinchukin Bank The raised its holdings in Vornado Realty Trust by 4.7% in the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 341 shares in the last quarter. Partners Capital Investment Group LLP bought a new position in Vornado Realty Trust in the first quarter worth $7,530,000. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Vornado Realty Trust by 29.7% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 64,644 shares of the real estate investment trust's stock worth $2,402,000 after purchasing an additional 14,795 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Vornado Realty Trust by 8.7% in the first quarter. Hsbc Holdings PLC now owns 167,209 shares of the real estate investment trust's stock worth $6,185,000 after acquiring an additional 13,335 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Up 5.1%

Shares of VNO opened at $38.0120 on Friday. The company has a market cap of $7.30 billion, a PE ratio of 9.41, a P/E/G ratio of 13.05 and a beta of 1.56. The business has a fifty day moving average of $38.29 and a 200 day moving average of $38.15. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. During the same period last year, the company earned $0.57 earnings per share. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial increased their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Barclays increased their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday. Scotiabank increased their target price on Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday, July 14th. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Mizuho reduced 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. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $38.22.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.42% of the company's stock.

Vornado Realty Trust Company Profile

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

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