Park Avenue Securities LLC Makes New $403,000 Investment in Vornado Realty Trust $VNO

Key Points

• Park Avenue Securities LLC made a new investment in Vornado Realty Trust, purchasing 10,536 shares valued at approximately $403,000 during the 2nd quarter.
• Vornado Realty Trust reported an earnings per share (EPS) of $0.56, beating analyst estimates, but revenue decreased by 2.0% year-over-year.
• Institutional investors own 90.02% of Vornado Realty Trust's stock, and various analysts have recently adjusted their price targets, indicating mixed sentiments on the stock's performance.

Park Avenue Securities LLC purchased a new position in Vornado Realty Trust (NYSE:VNO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,536 shares of the real estate investment trust's stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Twin Tree Management LP raised its holdings in Vornado Realty Trust by 102.1% during the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock worth $29,000 after buying an additional 38,585 shares during the period. UMB Bank n.a. raised its holdings in Vornado Realty Trust by 67.7% during the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after buying an additional 523 shares during the period. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.3% during the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after buying an additional 347 shares during the period. Friedenthal Financial acquired a new stake in Vornado Realty Trust during the 1st quarter worth about $75,000. Finally, Fifth Third Bancorp raised its holdings in Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after buying an additional 312 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Up 0.2%

Shares of VNO stock opened at $40.36 on Tuesday. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The firm has a market cap of $7.75 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 4.89 and a beta of 1.58. The stock has a 50 day moving average of $39.11 and a 200-day moving average of $38.10. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.Vornado Realty Trust's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Activity at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Scotiabank lowered their target price on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Mizuho dropped their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Barclays increased their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Citigroup upgraded Vornado Realty Trust from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $34.00 to $42.00 in a report on Friday, September 12th. Finally, Bank of America decreased their target price on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $38.64.

Vornado Realty Trust Company Profile

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

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