Vornado Realty Trust $VNO Shares Bought by Earnest Partners LLC

Key Points

• Earnest Partners LLC increased its holdings in Vornado Realty Trust by 3.3% during Q1, owning approximately 1.39% of the company with a total valuation of $98.62 million.
• Vornado Realty Trust has seen significant changes in institutional investments, with 90.02% of its stock currently owned by hedge funds and institutional investors.
• The company reported $0.56 earnings per share for the quarter, surpassing the analysts' estimate of $0.53, although its revenue was down 2.0% year-over-year.

Earnest Partners LLC increased its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,666,190 shares of the real estate investment trust's stock after buying an additional 86,000 shares during the quarter. Earnest Partners LLC owned about 1.39% of Vornado Realty Trust worth $98,622,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VNO. UMB Bank n.a. grew its stake in shares of Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 523 shares during the last quarter. Assetmark Inc. grew its stake in shares of Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 347 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Vornado Realty Trust in the 1st quarter valued at approximately $75,000. Fifth Third Bancorp grew its stake in shares of Vornado Realty Trust by 16.4% in the 1st 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 during the last quarter. Finally, Quarry LP grew its stake in shares of Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock valued at $90,000 after purchasing an additional 761 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock traded up $0.52 during trading on Monday, reaching $38.09. The company's stock had a trading volume of 1,479,828 shares, compared to its average volume of 1,755,439. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63. The company has a market capitalization of $7.31 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 4.84 and a beta of 1.58. The business has a 50 day moving average price of $38.01 and a 200-day moving average price of $37.91.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $441.44 million for the quarter, compared to the consensus estimate of $468.79 million. During the same period in the previous year, the business earned $0.57 earnings per share. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore ISI lowered their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Bank of America lowered their target price on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Piper Sandler lifted their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Mizuho lowered their target price 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 Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Vornado Realty Trust has an average rating of "Hold" and an average price target of $37.90.

Vornado Realty Trust Profile

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