Quantitative Investment Management LLC Takes $941,000 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) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,459 shares of the real estate investment trust's stock, valued at approximately $941,000.

Several other large investors also recently made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Vornado Realty Trust by 106.1% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 972,817 shares of the real estate investment trust's stock worth $35,985,000 after buying an additional 500,861 shares in the last quarter. Aew Capital Management L P boosted its stake in Vornado Realty Trust by 15.3% in the 1st quarter. Aew Capital Management L P now owns 565,080 shares of the real estate investment trust's stock worth $20,902,000 after purchasing an additional 75,080 shares during the period. Compound Planning Inc. boosted its stake in Vornado Realty Trust by 4.4% in the 1st quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust's stock worth $272,000 after purchasing an additional 311 shares during the period. Norinchukin Bank The boosted its stake in Vornado Realty Trust by 4.7% in the 1st quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 341 shares during the period. Finally, Partners Capital Investment Group LLP acquired a new position in Vornado Realty Trust in the 1st quarter worth approximately $7,530,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Wall Street Analyst Weigh In

VNO has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Barclays raised their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. Mizuho decreased their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Scotiabank decreased their price objective on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday. Finally, Bank of America decreased 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 research note on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Vornado Realty Trust has a consensus rating of "Hold" and an average target price of $37.90.

Vornado Realty Trust Stock Up 1.4%

Shares of NYSE:VNO traded up $0.52 during trading on Friday, reaching $38.09. 1,479,828 shares of the company traded hands, compared to its average volume of 1,748,076. The firm has a market cap of $7.31 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 4.84 and a beta of 1.56. The firm has a fifty day simple moving average of $38.01 and a 200 day simple moving average of $37.94. 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 has a 1-year low of $29.68 and a 1-year high of $46.63.

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 earnings per share 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 the consensus estimate of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. Vornado Realty Trust's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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