Landscape Capital Management L.L.C. Decreases Holdings in Vornado Realty Trust $VNO

Key Points

• Landscape Capital Management L.L.C. reduced its holdings in Vornado Realty Trust by 19.5% in the first quarter, now owning 35,565 shares valued at approximately $1.32 million.
• Various institutional investors are adjusting their stakes, with UMB Bank n.a. increasing its position by 67.7% and Assetmark Inc. raising theirs by 23.3%.
• Vornado's recent quarterly earnings topped estimates at $0.56 EPS, but revenues fell short of projections, amounting to $441.44 million compared to the expected $468.79 million.

Landscape Capital Management L.L.C. lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 19.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,565 shares of the real estate investment trust's stock after selling 8,604 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Vornado Realty Trust were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of Vornado Realty Trust by 6.5% during the fourth quarter. Voya Investment Management LLC now owns 45,867 shares of the real estate investment trust's stock worth $1,928,000 after buying an additional 2,797 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $249,000. Northern Trust Corp raised its position in Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock valued at $115,237,000 after buying an additional 1,358,498 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Vornado Realty Trust in the 4th quarter valued at $3,166,000. Finally, Bamco Inc. NY raised its position in Vornado Realty Trust by 27.8% in the 4th quarter. Bamco Inc. NY now owns 2,443,712 shares of the real estate investment trust's stock valued at $102,734,000 after buying an additional 531,353 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Wall Street Analysts Forecast Growth

VNO has been the subject of a number of recent analyst reports. Scotiabank reduced their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Bank of America cut their price target on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Mizuho cut their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. 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 note on Thursday, August 21st. Finally, Evercore ISI cut their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.90.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO traded down $0.12 on Tuesday, hitting $37.91. The company's stock had a trading volume of 2,289,346 shares, compared to its average volume of 1,475,894. The company has a 50-day simple moving average of $37.98 and a 200 day simple moving average of $37.88. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The company has a market capitalization of $7.28 billion, a PE ratio of 9.38, a PEG ratio of 4.84 and a beta of 1.58. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $441.44 million for the quarter, compared to analysts' expectations of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company's revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. Sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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