GAMMA Investing LLC Boosts Holdings in Vornado Realty Trust (NYSE:VNO)

GAMMA Investing LLC lifted its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 4,272.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,476 shares of the real estate investment trust's stock after purchasing an additional 203,708 shares during the period. GAMMA Investing LLC owned 0.11% of Vornado Realty Trust worth $7,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. lifted its position in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares during the period. CIBC Asset Management Inc lifted its position in shares of Vornado Realty Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock worth $250,000 after purchasing an additional 324 shares during the period. Vident Advisory LLC lifted its position in shares of Vornado Realty Trust by 4.7% in the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after purchasing an additional 344 shares during the period. Arizona State Retirement System lifted its position in shares of Vornado Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust's stock worth $1,976,000 after purchasing an additional 373 shares during the period. Finally, Mariner LLC lifted its position in shares of Vornado Realty Trust by 0.9% in the 4th quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust's stock worth $1,903,000 after purchasing an additional 404 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction that occurred on Friday, May 30th. The shares were 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 now directly owns 30,000 shares in the company, valued at $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on VNO. Compass Point increased their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Truist Financial increased their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group increased their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. 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. Finally, Barclays increased their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and an average price target of $37.91.

Vornado Realty Trust Stock Up 2.9%

NYSE:VNO opened at $40.29 on Monday. The firm has a market cap of $7.73 billion, a P/E ratio of 1,007.33, a P/E/G ratio of 9.69 and a beta of 1.52. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a fifty-two week low of $23.50 and a fifty-two week high of $46.63. The firm has a 50-day simple moving average of $36.52 and a two-hundred day simple moving average of $39.51.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Vornado Realty Trust's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. Analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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

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