Quantitative Investment Management LLC Acquires New Position in Vornado Realty Trust $VNO

Key Points

• Quantitative Investment Management LLC has made a new investment of approximately $941,000 in Vornado Realty Trust, acquiring 25,459 shares during the first quarter.
• Institutional ownership of Vornado Realty Trust currently stands at 90.02%, with other hedge funds also increasing their stakes.
• Vornado Realty Trust reported earnings of $0.56 per share for the latest quarter, exceeding expectations but showing a 2% decline in revenue compared to the previous year.

Quantitative Investment Management LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,459 shares of the real estate investment trust's stock, valued at approximately $941,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of Vornado Realty Trust by 1.4% in the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock valued at $758,000 after buying an additional 282 shares during the last quarter. Compound Planning Inc. raised its holdings in shares of Vornado Realty Trust by 4.4% in the first quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust's stock valued at $272,000 after buying an additional 311 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of 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 valued at $82,000 after buying an additional 312 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of Vornado Realty Trust by 4.7% in the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust's stock valued at $283,000 after buying an additional 341 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Vornado Realty Trust by 4.7% in the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock valued at $322,000 after buying an additional 344 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Price Performance

Shares of VNO stock traded up $0.52 during trading hours on Friday, hitting $38.09. The company's stock had a trading volume of 875,268 shares, compared to its average volume of 1,466,592. The business has a fifty day moving average of $38.05 and a 200-day moving average of $38.00. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 4.79 and a beta of 1.56. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40.

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 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $441.44 million for the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VNO shares. Bank of America reduced their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Monday. Truist Financial increased their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Evercore ISI cut their price target on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Piper Sandler increased their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Scotiabank cut their price target on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a report on Thursday. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $37.90.

Vornado Realty Trust Profile

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