Partners Capital Investment Group LLP Takes $7.53 Million Position in Vornado Realty Trust $VNO

Key Points

• Partners Capital Investment Group LLP has acquired a new position in Vornado Realty Trust, purchasing 203,558 shares valued at approximately $7.53 million.
• Vornado Realty Trust's stock has a consensus rating of "Hold" with an average price target of $37.80, according to various Wall Street analysts.
• The company reported earnings of $0.56 per share for the last quarter, beating expectations, although revenue fell 2% compared to the previous year.

Partners Capital Investment Group LLP bought a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 203,558 shares of the real estate investment trust's stock, valued at approximately $7,530,000. Partners Capital Investment Group LLP owned approximately 0.11% of Vornado Realty Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of 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 purchasing an additional 523 shares in the last quarter. Assetmark Inc. raised its stake 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 bought a new position in Vornado Realty Trust in the first quarter worth approximately $75,000. Fifth Third Bancorp boosted its holdings in Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares in the last quarter. Finally, Quarry LP grew its stake in Vornado Realty Trust by 55.4% in the fourth quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock valued at $90,000 after acquiring an additional 761 shares during the period. 90.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VNO has been the topic of a number of research reports. Piper Sandler upped their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI lowered their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Truist Financial raised their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Scotiabank lifted their price objective on shares of 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, Mizuho lowered their target price 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. Two research 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.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.80.

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.42% of the company's stock.

Vornado Realty Trust Stock Down 1.2%

VNO stock opened at $36.6880 on Thursday. The stock has a fifty day moving average of $38.44 and a 200-day moving average of $38.22. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 13.40 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business 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 firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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

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