Callan Family Office LLC Acquires Shares of 8,188 Vornado Realty Trust $VNO

Key Points

• Callan Family Office LLC acquired 8,188 shares of Vornado Realty Trust ($VNO) in Q2, valued at approximately $313,000.
• Insider Haim Chera sold 30,000 shares of Vornado Realty Trust at an average price of $39.64, totaling over $1.18 million.
• Several analysts have recently upgraded their ratings and target prices for Vornado Realty Trust, with a consensus rating of "Hold" and a consensus price target of $39.42.

Callan Family Office LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,188 shares of the real estate investment trust's stock, valued at approximately $313,000.

Other institutional investors have also added to or reduced their stakes in the company. Twin Tree Management LP raised its position in Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 38,585 shares in the last quarter. Assetmark Inc. grew its stake in shares of Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after buying an additional 347 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Vornado Realty Trust during the first quarter worth $75,000. Fifth Third Bancorp grew its stake in shares of 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 worth $82,000 after buying an additional 312 shares during the last quarter. Finally, Bfsg LLC grew its stake in shares of Vornado Realty Trust by 14.4% during the second quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust's stock worth $182,000 after buying an additional 600 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of the company's stock in a transaction dated 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 SEC, which is accessible through this link. Corporate insiders own 8.42% of the company's stock.

Wall Street Analysts Forecast Growth

VNO has been the topic of a number of research reports. LADENBURG THALM/SH SH initiated coverage on shares of Vornado Realty Trust in a research note on Monday. They set a "buy" rating and a $48.00 target price on the stock. Evercore ISI boosted their target price 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, September 15th. Citigroup raised shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $34.00 to $42.00 in a research note on Friday, September 12th. Barclays boosted their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. Finally, Truist Financial boosted their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.42.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $40.40 on Thursday. 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 stock has a market capitalization of $7.76 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 4.83 and a beta of 1.59. The firm's fifty day simple moving average is $39.43 and its two-hundred day simple moving average is $38.26. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63.

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

About Vornado Realty Trust

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

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