SG Americas Securities LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 58,160 shares of the real estate investment trust's stock, valued at approximately $2,151,000.
Several other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in 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 buying an additional 523 shares during the period. FIL Ltd bought a new position in shares of Vornado Realty Trust in the 4th quarter worth about $49,000. Assetmark Inc. raised its position in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 286 shares in the last quarter. Blue Trust Inc. raised its position in shares of Vornado Realty Trust by 61.6% in the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 677 shares in the last quarter. Finally, Quarry LP raised its position in shares of Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 761 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.
Vornado Realty Trust Stock Down 1.8%
Shares of NYSE:VNO traded down $0.72 during trading on Friday, hitting $40.37. The stock had a trading volume of 1,472,824 shares, compared to its average volume of 1,587,246. Vornado Realty Trust has a 12 month low of $24.76 and a 12 month high of $46.63. The company has a market capitalization of $7.75 billion, a PE ratio of 1,009.25, a PEG ratio of 9.69 and a beta of 1.52. The firm's fifty day moving average is $37.24 and its 200 day moving average is $39.46. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.
Insider Buying and Selling
In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the sale, the executive vice president now directly owns 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.42% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on VNO shares. Barclays lifted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, March 14th. Morgan Stanley lifted their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Truist Financial lifted their price objective on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Piper Sandler boosted their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $37.91.
Get Our Latest Stock Report on VNO
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
See Also
Before you consider Vornado Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vornado Realty Trust wasn't on the list.
While Vornado Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
