Gotham Asset Management LLC Buys 104,155 Shares of Vornado Realty Trust $VNO

Key Points

• Gotham Asset Management LLC increased its stake in Vornado Realty Trust by 21.4%, acquiring an additional 104,155 shares, bringing its total ownership to 590,745 shares valued at approximately $21.85 million.
• Institutional investors collectively hold 90.02% of Vornado Realty Trust’s stock, indicating strong institutional interest in the company.
• Several analysts have lowered their target prices for Vornado Realty Trust, with a consensus rating of "Hold" and a price target of $37.90.

Gotham Asset Management LLC boosted its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 21.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,745 shares of the real estate investment trust's stock after acquiring an additional 104,155 shares during the quarter. Gotham Asset Management LLC owned 0.31% of Vornado Realty Trust worth $21,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VNO. SG Americas Securities LLC purchased a new stake in shares of Vornado Realty Trust during the first quarter valued at $2,151,000. Teacher Retirement System of Texas purchased a new stake in shares of Vornado Realty Trust during the first quarter valued at $876,000. Handelsbanken Fonder AB lifted its holdings in shares of Vornado Realty Trust by 20.7% during the first quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock valued at $1,898,000 after purchasing an additional 8,800 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Vornado Realty Trust by 18.2% during the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock valued at $208,000 after purchasing an additional 868 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Vornado Realty Trust by 16.4% during the first 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. 90.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.42% of the stock is currently owned by company insiders.

Vornado Realty Trust Stock Down 1.4%

NYSE VNO traded down $0.59 during trading on Monday, reaching $40.70. The company's stock had a trading volume of 2,098,475 shares, compared to its average volume of 1,774,078. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $7.82 billion, a PE ratio of 10.07, a PEG ratio of 5.26 and a beta of 1.58. The business has a 50-day moving average price of $38.20 and a 200-day moving average price of $37.85. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The firm 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 company's revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. On average, research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on VNO. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Mizuho reduced their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Bank of America decreased their target price on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Barclays raised their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Finally, Evercore ISI decreased their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of "Hold" and an average price target of $37.90.

About Vornado Realty Trust

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