Nan Fung Trinity HK Ltd. Takes $3.26 Million Position in Vornado Realty Trust (NYSE:VNO)

Key Points

• Nan Fung Trinity HK Ltd. has invested approximately $3.26 million by acquiring 88,100 shares of Vornado Realty Trust during the first quarter.
• In addition to this investment, several hedge funds have increased their stakes in Vornado Realty Trust, with hedge funds owning 90.02% of the stock.
• Vornado Realty Trust reported $0.63 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $0.52, while also achieving a revenue of $461.58 million.

Nan Fung Trinity HK Ltd. acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 88,100 shares of the real estate investment trust's stock, valued at approximately $3,259,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock valued at $500,263,000 after acquiring an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Vornado Realty Trust by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after buying an additional 278,409 shares in the last quarter. Invesco Ltd. grew its position in shares of Vornado Realty Trust by 111.3% during the 4th quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock worth $131,833,000 after purchasing an additional 1,651,819 shares in the last quarter. Geode Capital Management LLC increased its stake in Vornado Realty Trust by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust's stock worth $131,686,000 after acquiring an additional 25,209 shares during the period. Finally, Northern Trust Corp grew its stake in Vornado Realty Trust by 98.3% during the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock worth $115,237,000 after buying an additional 1,358,498 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Insiders Place Their Bets

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president owned 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of recent research reports. Mizuho cut their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Scotiabank increased their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a research report on Monday, July 14th. Piper Sandler upped their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Truist Financial upped their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $38.09.

Vornado Realty Trust Price Performance

NYSE:VNO traded down $1.06 during trading hours on Wednesday, hitting $38.59. The stock had a trading volume of 1,623,103 shares, compared to its average volume of 1,384,769. The company has a 50 day simple moving average of $38.86 and a two-hundred day simple moving average of $38.64. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 74.21, a P/E/G ratio of 14.35 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. Vornado Realty Trust has a one year low of $26.19 and a one year high of $46.63.

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

About Vornado Realty Trust

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