22,306 Shares in Vornado Realty Trust (NYSE:VNO) Acquired by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC invested approximately $825,000 in Vornado Realty Trust by purchasing 22,306 shares during the first quarter.
• The real estate investment trust reported a quarterly earnings per share (EPS) of $0.63, exceeding analyst forecasts of $0.52, with revenues of $461.58 million.
• Institutional investors own 90.02% of Vornado Realty Trust's stock, with significant stakes recently acquired by entities like Norges Bank and Invesco Ltd.

Knights of Columbus Asset Advisors LLC acquired a new position in Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,306 shares of the real estate investment trust's stock, valued at approximately $825,000.

Several other institutional investors have also recently made changes to their positions in VNO. SG Americas Securities LLC purchased a new stake in shares of Vornado Realty Trust during the first quarter worth about $2,151,000. Teacher Retirement System of Texas purchased a new stake in shares of Vornado Realty Trust during the first quarter worth about $876,000. Handelsbanken Fonder AB grew its position 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 worth $1,898,000 after purchasing an additional 8,800 shares in the last quarter. GAMMA Investing LLC grew its position 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 worth $208,000 after purchasing an additional 868 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Vornado Realty Trust by 6.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust's stock worth $9,321,000 after purchasing an additional 12,780 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VNO shares. Truist Financial increased their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Mizuho cut their price target 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. Scotiabank raised their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday, July 14th. Finally, Piper Sandler raised their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $38.09.

Vornado Realty Trust Trading Down 0.3%

Shares of Vornado Realty Trust stock traded down $0.12 on Wednesday, reaching $39.54. The company had a trading volume of 397,498 shares, compared to its average volume of 1,422,428. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 76.10, a P/E/G ratio of 14.09 and a beta of 1.50. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10. The firm's 50-day moving average price is $38.86 and its two-hundred day moving average price is $38.64. Vornado Realty Trust has a 1 year low of $26.19 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $461.58 million during the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. As a group, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president owned 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.42% of the company's stock.

Vornado Realty Trust Company Profile

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