FJ Capital Management LLC Invests $275,000 in Vornado Realty Trust $VNO

Key Points

• FJ Capital Management LLC has acquired a new stake in Vornado Realty Trust, purchasing 7,421 shares valued at approximately $275,000 in the first quarter.
• Several other institutional investors, including Signaturefd LLC and Fifth Third Bancorp, have also increased their holdings in Vornado, with hedge funds owning 90.02% of the stock.
• Vornado Realty Trust reported a quarterly earnings per share of $0.56, exceeding analyst expectations, though its revenue was down 2.0% year-over-year.

FJ Capital Management LLC bought a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,421 shares of the real estate investment trust's stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VNO. Voya Investment Management LLC boosted its position in shares of Vornado Realty Trust by 6.5% during the fourth quarter. Voya Investment Management LLC now owns 45,867 shares of the real estate investment trust's stock worth $1,928,000 after buying an additional 2,797 shares during the period. Northern Trust Corp grew its holdings in shares of Vornado Realty Trust by 98.3% during the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock valued at $115,237,000 after buying an additional 1,358,498 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at $3,166,000. Bamco Inc. NY increased its stake in shares of Vornado Realty Trust by 27.8% in the fourth quarter. Bamco Inc. NY now owns 2,443,712 shares of the real estate investment trust's stock worth $102,734,000 after acquiring an additional 531,353 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Vornado Realty Trust during the fourth quarter worth $590,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Up 1.5%

NYSE VNO traded up $0.61 on Thursday, hitting $39.94. The company's stock had a trading volume of 2,439,083 shares, compared to its average volume of 1,488,775. 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 1-year low of $29.68 and a 1-year high of $46.63. The company's 50-day moving average is $38.03 and its 200 day moving average is $37.89. The firm has a market cap of $7.67 billion, a PE ratio of 9.89, a PEG ratio of 4.84 and a beta of 1.58.

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 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to analysts' expectations of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. As a group, analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VNO has been the subject of several recent research reports. 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. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI cut their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Mizuho cut their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Two equities 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 company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $37.90.

Vornado Realty Trust Company Profile

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