GAMMA Investing LLC Has $7.71 Million Stake in Vornado Realty Trust (NYSE:VNO)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in shares of Vornado Realty Trust in the fourth quarter worth $235,000. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Vornado Realty Trust by 6.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust's stock valued at $9,321,000 after buying an additional 12,780 shares in the last quarter. Blue Trust Inc. increased its holdings in Vornado Realty Trust by 61.6% in the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock worth $70,000 after buying an additional 677 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Vornado Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after acquiring an additional 324 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO traded up $0.01 during mid-day trading on Thursday, hitting $41.05. The company had a trading volume of 1,022,798 shares, compared to its average volume of 1,595,758. Vornado Realty Trust has a 12 month low of $24.42 and a 12 month high of $46.63. The firm has a market cap of $7.88 billion, a P/E ratio of 1,026.25, a PEG ratio of 9.69 and a beta of 1.52. The business's 50-day simple moving average is $36.89 and its 200-day simple moving average is $39.53. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same period in the prior year, the company posted $0.55 earnings per share. Vornado Realty Trust's revenue was up 5.8% on a year-over-year basis. 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 topic of several analyst reports. 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. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays boosted their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Finally, Piper Sandler boosted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $37.91.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the firm's 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 transaction, the executive vice president now directly owns 30,000 shares of the company's stock, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.42% of the company's stock.

About Vornado Realty Trust

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