Sei Investments Co. Grows Position in Vornado Realty Trust $VNO

Key Points

• Sei Investments increased its Vornado Realty Trust stake by 19.6% in the first quarter, adding 175,719 shares to own 1.07 million shares valued at approximately $27.8 million. Institutional investors collectively own 90.02% of Vornado’s stock.
• Vornado reported quarterly revenue of $459.1 million, exceeding estimates, but posted adjusted EPS of negative $0.12, missing expectations of negative $0.05. Analysts expect full-year EPS of approximately $2.34.
• The company authorized a $300 million share buyback, allowing repurchases of up to 5.4% of outstanding shares. Despite the program, analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $39.17.

Sei Investments Co. raised its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,071,074 shares of the real estate investment trust's stock after acquiring an additional 175,719 shares during the period. Sei Investments Co. owned about 0.57% of Vornado Realty Trust worth $27,837,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Danske Bank A S purchased a new stake in shares of Vornado Realty Trust in the third quarter valued at about $28,000. Advisory Services Network LLC purchased a new position in Vornado Realty Trust during the third quarter worth about $33,000. Farmers & Merchants Investments Inc. boosted its holdings in Vornado Realty Trust by 512.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 718 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Vornado Realty Trust in the 4th quarter worth about $36,000. Finally, BOKF NA grew its position in Vornado Realty Trust by 1,257.1% in the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,056 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.57 on Tuesday. The stock has a market cap of $7.44 billion, a P/E ratio of 10.87, a PEG ratio of 2.00 and a beta of 1.53. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The business's 50-day moving average price is $37.23 and its two-hundred day moving average price is $32.10. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $459.11 million for the quarter, compared to analysts' expectations of $431.71 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. As a group, equities analysts predict that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

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

Insider Activity at Vornado Realty Trust

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the transaction, the director owned 475,161 shares of the company's stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the firm's stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the acquisition, the director directly owned 13,000 shares in the company, valued at approximately $220,220. The trade was a 44.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 9.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley lowered shares of Vornado Realty Trust from an "equal weight" rating to an "underweight" rating and set a $32.00 price objective for the company. in a research note on Wednesday, July 22nd. Citigroup upped their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Friday, May 8th. LADENBURG THALM/SH SH increased their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Truist Financial lifted their price target on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, June 26th. Finally, Weiss Ratings raised Vornado Realty Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $39.17.

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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