Bayforest Capital Ltd Acquires Shares of 7,945 Vornado Realty Trust $VNO

Key Points

• Bayforest Capital Ltd has purchased 7,945 shares of Vornado Realty Trust, valued at approximately $294,000, indicating growing institutional interest in the real estate investment trust.
• The current ratio for Vornado Realty Trust stands at 6.82, with a debt-to-equity ratio of 1.40, showcasing its financial stability amid performance fluctuations.
• Recent analyst ratings have been mixed, with price objectives for Vornado Realty Trust ranging from $33.00 to $40.00, suggesting a cautious outlook among brokers.

Bayforest Capital Ltd acquired a new position in Vornado Realty Trust (NYSE:VNO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,945 shares of the real estate investment trust's stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC increased its position in shares of Vornado Realty Trust by 1.4% during the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock valued at $758,000 after acquiring an additional 282 shares during the last quarter. Compound Planning Inc. raised its position in Vornado Realty Trust by 4.4% during 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 in the last quarter. Fifth Third Bancorp raised its position in Vornado Realty Trust by 16.4% during 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. Norinchukin Bank The raised its position in Vornado Realty Trust by 4.7% during the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 341 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Vornado Realty Trust by 4.7% in the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after buying an additional 344 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on VNO. Scotiabank cut their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 28th. Evercore ISI boosted their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Monday. Mizuho decreased their price objective 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 boosted their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. Finally, Bank of America decreased their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.64.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.42% of the stock is currently owned by company insiders.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded down $0.02 on Tuesday, hitting $42.05. 365,456 shares of the company were exchanged, compared to its average volume of 1,494,151. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63. The stock's 50 day moving average price is $38.56 and its 200 day moving average price is $37.89. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $8.07 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 5.46 and a beta of 1.58.

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

Vornado Realty Trust Company Profile

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