SG Americas Securities LLC Purchases New Holdings in Vornado Realty Trust (NYSE:VNO)

SG Americas Securities LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,160 shares of the real estate investment trust's stock, valued at approximately $2,151,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of 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 valued at $48,000 after acquiring an additional 523 shares during the last quarter. FIL Ltd bought a new stake in Vornado Realty Trust during the fourth quarter valued at approximately $49,000. Assetmark Inc. grew its stake in 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 buying an additional 286 shares in the last quarter. Blue Trust Inc. increased its holdings 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 buying an additional 677 shares during the last quarter. Finally, Quarry LP increased its holdings 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 buying an additional 761 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Up 0.2%

Shares of Vornado Realty Trust stock traded up $0.08 during midday trading on Wednesday, reaching $40.56. 819,305 shares of the company's stock traded hands, compared to its average volume of 1,584,140. The stock has a 50 day moving average of $37.53 and a 200-day moving average of $39.42. Vornado Realty Trust has a 12 month low of $24.76 and a 12 month high of $46.63. The company has a market cap of $7.79 billion, a PE ratio of 77.87, a price-to-earnings-growth ratio of 15.03 and a beta of 1.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same period in the prior year, the business earned $0.55 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on VNO. Piper Sandler increased their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Truist Financial upped their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Morgan Stanley increased their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $37.91.

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction that occurred 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 $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.42% of the stock is owned by insiders.

About Vornado Realty Trust

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