Principal Financial Group Inc. Has $201.17 Million Holdings in Vornado Realty Trust $VNO

Key Points

• Principal Financial Group increased its stake in Vornado Realty Trust by 4.2% in Q4 and now owns 6,044,708 shares—about 3.15% of the company, valued at roughly $201.17 million.
• Vornado reported a quarterly loss of ($0.12) EPS, missing the ($0.05) estimate while generating $459.11 million in revenue (above the $431.72 million estimate), reflecting a mixed quarter.
• Vornado’s board authorized a $300 million share buyback (up to ~5.4% of shares) even as analysts trimmed targets and the stock carries an average rating of "Hold" with an average price target of $34.82.

Principal Financial Group Inc. lifted its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,044,708 shares of the real estate investment trust's stock after acquiring an additional 243,905 shares during the quarter. Principal Financial Group Inc. owned approximately 3.15% of Vornado Realty Trust worth $201,168,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VNO. Danske Bank A S acquired a new stake in Vornado Realty Trust during the 3rd quarter valued at $28,000. Advisory Services Network LLC acquired a new stake in shares of Vornado Realty Trust in the third quarter worth $33,000. Westside Investment Management Inc. grew its holdings in shares of Vornado Realty Trust by 100.0% during the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 443 shares in the last quarter. Quent Capital LLC acquired a new position in Vornado Realty Trust during the third quarter valued at $39,000. Finally, BOKF NA raised its position in Vornado Realty Trust by 1,257.1% during the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,056 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays decreased their price objective on Vornado Realty Trust from $33.00 to $28.00 and set an "underweight" rating for the company in a research report on Thursday, February 26th. Mizuho dropped their target price on Vornado Realty Trust from $40.00 to $34.00 and set an "outperform" rating on the stock in a report on Tuesday, February 24th. Morgan Stanley reduced their price target on shares of Vornado Realty Trust from $32.00 to $28.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 31st. Piper Sandler decreased their price target on shares of Vornado Realty Trust from $36.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vornado Realty Trust from $41.00 to $33.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and an average price target of $34.82.

Vornado Realty Trust Price Performance

VNO opened at $30.29 on Wednesday. The stock has a fifty day moving average price of $27.35 and a 200 day moving average price of $31.81. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44. Vornado Realty Trust has a 1 year low of $24.57 and a 1 year high of $43.37. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.62 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.79% and a net margin of 43.99%.The firm had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.72 million. During the same period in the previous year, the company earned $0.63 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. Analysts forecast that Vornado Realty Trust will post 2.33 EPS for the current fiscal year.

Vornado Realty Trust announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 29th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado's business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company's core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.

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