Vornado Realty Trust $VNO Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has increased its stake in Vornado Realty Trust by 8.7%, now owning 167,209 shares, valued at approximately $6.19 million.
• Insider trading reports show EVP Haim Chera sold 20,000 shares of Vornado Realty Trust, reducing his ownership by 40%.
• Vornado Realty Trust reported earnings per share of $0.56 for the last quarter, beating expectations, despite a 2% decline in revenue year-over-year.

Hsbc Holdings PLC grew its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,209 shares of the real estate investment trust's stock after purchasing an additional 13,335 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of Vornado Realty Trust worth $6,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Vornado Realty Trust by 1.4% during the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock valued at $758,000 after buying an additional 282 shares during the last quarter. Fifth Third Bancorp grew 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 buying an additional 312 shares during the last quarter. Vident Advisory LLC lifted its position in Vornado Realty Trust by 4.7% during the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock valued at $322,000 after purchasing an additional 344 shares during the period. Assetmark Inc. lifted its position in Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 347 shares during the period. Finally, State of Michigan Retirement System lifted its position in Vornado Realty Trust by 1.0% during the first quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock valued at $1,469,000 after purchasing an additional 400 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VNO has been the subject of a number of research reports. Truist Financial boosted their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Mizuho decreased their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Bank of America decreased their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday. Scotiabank decreased their target price on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, Evercore ISI decreased their target price on shares of 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 analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $37.90.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock traded up $0.52 during trading hours on Friday, reaching $38.09. The stock had a trading volume of 1,479,828 shares, compared to its average volume of 1,470,960. The stock's 50 day moving average is $38.05 and its 200 day moving average is $38.00. The firm has a market capitalization of $7.31 billion, a PE ratio of 9.43, a PEG ratio of 4.79 and a beta of 1.56. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share 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 the consensus estimate 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 quarter in the prior year, the firm posted $0.57 earnings per share. Equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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