Cbre Investment Management Listed Real Assets LLC Raises Stock Holdings in Vornado Realty Trust $VNO

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its holdings in Vornado Realty Trust by 106.1%, owning approximately 972,817 shares worth $35.99 million by the end of the first quarter.
• Multiple hedge funds have also boosted their stakes in Vornado Realty Trust, with institutional investors currently owning 90.02% of the stock.
• Vornado Realty Trust reported an earnings per share (EPS) of $0.56 for the recent quarter, exceeding analysts' expectations, while revenue was down 2.0% year-over-year.

Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 106.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 972,817 shares of the real estate investment trust's stock after buying an additional 500,861 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.51% of Vornado Realty Trust worth $35,985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VNO. UMB Bank n.a. grew its position in shares of Vornado Realty Trust by 67.7% during the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after buying an additional 523 shares in the last quarter. Assetmark Inc. grew its position 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 in the last quarter. Friedenthal Financial acquired a new position in shares of Vornado Realty Trust during the first quarter worth about $75,000. Fifth Third Bancorp grew its position 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 in the last quarter. Finally, Quarry LP grew its position in shares of Vornado Realty Trust by 55.4% during the fourth quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after buying an additional 761 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

NYSE VNO traded up $0.68 on Wednesday, reaching $37.69. The stock had a trading volume of 1,816,910 shares, compared to its average volume of 1,469,644. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63. The business's 50-day moving average price is $38.17 and its 200 day moving average price is $38.04. The stock has a market cap of $7.24 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 13.57 and a beta of 1.56.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued 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. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company had revenue of $441.44 million during the quarter, compared to analysts' expectations of $468.79 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Piper Sandler boosted their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Scotiabank upped their price target 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. Mizuho lowered their price target on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Finally, Barclays upped their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $38.40.

Vornado Realty Trust Profile

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