HGI Capital Management LLC Buys New Shares in Vornado Realty Trust $VNO

Key Points

• HGI Capital Management has invested approximately $3.22 million in Vornado Realty Trust by purchasing 86,997 shares, making it the 14th largest position in their portfolio.
• 92% of Vornado Realty Trust's stock is held by institutional investors, indicating strong institutional support and confidence in the company.
• Vornado Realty Trust reported earnings of $0.56 per share for the last quarter, exceeding analyst expectations, although revenue fell short of projections.

HGI Capital Management LLC bought a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 86,997 shares of the real estate investment trust's stock, valued at approximately $3,218,000. Vornado Realty Trust makes up about 4.0% of HGI Capital Management LLC's portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Earnest Partners LLC increased its position in shares of Vornado Realty Trust by 3.3% during the first quarter. Earnest Partners LLC now owns 2,666,190 shares of the real estate investment trust's stock worth $98,622,000 after acquiring an additional 86,000 shares in the last quarter. Long Pond Capital LP bought a new stake in Vornado Realty Trust in the 1st quarter worth about $6,612,000. Quantitative Investment Management LLC bought a new stake in Vornado Realty Trust in the 1st quarter worth about $941,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Vornado Realty Trust by 106.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 972,817 shares of the real estate investment trust's stock valued at $35,985,000 after purchasing an additional 500,861 shares during the last quarter. Finally, Aew Capital Management L P increased its position in shares of Vornado Realty Trust by 15.3% during the 1st quarter. Aew Capital Management L P now owns 565,080 shares of the real estate investment trust's stock valued at $20,902,000 after purchasing an additional 75,080 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Price Performance

NYSE VNO traded up $0.52 on Friday, hitting $38.09. The stock had a trading volume of 1,479,828 shares, compared to its average volume of 1,748,076. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 4.84 and a beta of 1.56. The firm has a 50-day moving average of $38.01 and a 200-day moving average of $37.94.

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, topping the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business had revenue of $441.44 million for the quarter, compared to analysts' expectations of $468.79 million. During the same period in the prior year, the company posted $0.57 EPS. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VNO. 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. Barclays increased their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Truist Financial upped their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Bank of America dropped their price target on shares of 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. Finally, Piper Sandler upped their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Vornado Realty Trust presently 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.