Vornado Realty Trust (NYSE:VNO) Shares Acquired by Centersquare Investment Management LLC

Key Points

• Centersquare Investment Management LLC increased its holdings in Vornado Realty Trust by 32.2%, now owning over 2.5 million shares valued at approximately $96 million.
• Despite the increase in institutional ownership, Vornado Realty Trust shares are currently down 3.9%, trading at approximately $37.16.
• The consensus rating for Vornado Realty Trust among analysts is "Hold", with a price target averaging $38.09.

Centersquare Investment Management LLC grew its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 32.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,595,901 shares of the real estate investment trust's stock after purchasing an additional 632,721 shares during the period. Centersquare Investment Management LLC owned approximately 1.35% of Vornado Realty Trust worth $96,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in VNO. FIL Ltd purchased a new position in Vornado Realty Trust in the fourth quarter worth approximately $49,000. UMB Bank n.a. grew its position in Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 523 shares during the period. Assetmark Inc. grew its position in Vornado Realty Trust by 23.3% in the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 347 shares during the period. Friedenthal Financial acquired a new position in Vornado Realty Trust during the first quarter worth $75,000. Finally, Quarry LP boosted 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 during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Stock Down 1.8%

Vornado Realty Trust stock traded down $0.69 during midday trading on Friday, reaching $36.91. The company's stock had a trading volume of 975,731 shares, compared to its average volume of 1,624,648. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The company has a quick ratio of 4.10, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The company has a market cap of $7.09 billion, a P/E ratio of 9.14, a P/E/G ratio of 13.35 and a beta of 1.56. The business has a 50-day simple moving average of $38.90 and a 200-day simple moving average of $38.48.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, topping 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 business had revenue of $441.44 million for the quarter, compared to analysts' expectations of $468.79 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business's revenue was down 2.0% compared to the same quarter last year. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VNO has been the subject of several research analyst reports. Piper Sandler raised their price target 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. Truist Financial raised their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Evercore ISI lowered their price target on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Mizuho reduced their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.80.

Vornado Realty Trust Profile

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