Cbre Investment Management Listed Real Assets LLC Acquires 210,625 Shares of Vornado Realty Trust $VNO

Key Points

• CBRE Investment Management Listed Real Assets LLC raised its Vornado stake by 14.6%, buying 210,625 shares to hold 1,650,063 shares (about 0.86% of the company) valued at $66.877 million per its latest 13F filing.
• Vornado's shares opened at $26.40 (down 0.4%), with a market cap of $5.03 billion and a P/E of 6.30; the REIT reported $0.55 EPS for the quarter (missed estimates by $0.02) and revenue of $453.71 million, with a net margin of 49.99%.
• Institutional investors own 90.02% of Vornado, and analyst coverage is mixed: the average rating is "Hold" with an average target price of $37 (three Buys, eight Holds, one Sell).

Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 14.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,650,063 shares of the real estate investment trust's stock after acquiring an additional 210,625 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.86% of Vornado Realty Trust worth $66,877,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Vornado Realty Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust's stock worth $1,017,000 after purchasing an additional 4,251 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Vornado Realty Trust by 18.7% in the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust's stock worth $1,903,000 after purchasing an additional 8,189 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust's stock worth $22,705,000 after buying an additional 112,956 shares during the period. Bank of Montreal Can increased its stake in Vornado Realty Trust by 47.2% in the 2nd quarter. Bank of Montreal Can now owns 61,864 shares of the real estate investment trust's stock worth $2,366,000 after buying an additional 19,838 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in Vornado Realty Trust by 31.4% during the 2nd quarter. Metis Global Partners LLC now owns 27,642 shares of the real estate investment trust's stock valued at $1,057,000 after buying an additional 6,610 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Down 0.4%

Shares of Vornado Realty Trust stock opened at $26.40 on Thursday. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The company has a market cap of $5.03 billion, a P/E ratio of 6.30, a PEG ratio of 1.41 and a beta of 1.53. The firm's 50 day moving average price is $30.83 and its 200-day moving average price is $35.22. Vornado Realty Trust has a 52-week low of $25.71 and a 52-week high of $43.37.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.02). The firm had revenue of $453.71 million for the quarter, compared to analysts' expectations of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company's revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on VNO. Wall Street Zen downgraded shares of Vornado Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 14th. Mizuho decreased their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. upgraded Vornado Realty Trust from an "underweight" rating to a "neutral" rating and set a $41.00 price target for the company in a report on Monday, November 24th. Barclays dropped their price objective on Vornado Realty Trust from $33.00 to $28.00 and set an "underweight" rating on the stock in a research note on Thursday, February 26th. Finally, Evercore decreased their target price on Vornado Realty Trust from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and an average target price of $37.00.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado's business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company's core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.

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