Victory Capital Management Inc. Has $3.74 Million Stake in Vornado Realty Trust (NYSE:VNO)

Key Points

• Victory Capital Management Inc. significantly increased its holdings in Vornado Realty Trust by 208.8%, owning approximately 101,054 shares valued at $3.74 million.
• Institutional investors now own 90.02% of Vornado Realty Trust, with other large firms also boosting their stakes in the company during the previous quarter.
• Vornado Realty Trust's stock has seen a price shift with a recent trading value of $38.97, amid analyst upgrades and changes to target prices, reflecting a consensus "Hold" rating.

Victory Capital Management Inc. lifted its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 208.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,054 shares of the real estate investment trust's stock after purchasing an additional 68,324 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Vornado Realty Trust worth $3,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Signaturefd LLC grew its position in 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 acquiring an additional 282 shares during the period. Fifth Third Bancorp grew its position in 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 acquiring an additional 312 shares during the period. Vident Advisory LLC grew its position in 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 acquiring an additional 344 shares during the period. State of Michigan Retirement System grew its position in Vornado Realty Trust by 1.0% in the first quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock valued at $1,469,000 after acquiring an additional 400 shares during the period. Finally, Mariner LLC grew its position in Vornado Realty Trust by 0.9% in the fourth quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust's stock valued at $1,903,000 after acquiring an additional 404 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Haim Chera sold 20,000 shares of the company's 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 transaction, the executive vice president owned 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.42% of the stock is owned by company insiders.

Vornado Realty Trust Trading Down 0.1%

Shares of VNO traded down $0.03 during trading hours on Thursday, hitting $38.56. 139,704 shares of the stock traded hands, compared to its average volume of 1,422,808. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 1-year low of $26.19 and a 1-year high of $46.63. The firm has a market capitalization of $7.40 billion, a PE ratio of 74.06, a price-to-earnings-growth ratio of 14.35 and a beta of 1.50. The business has a fifty day moving average of $38.86 and a 200-day moving average of $38.64.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VNO shares. Scotiabank upped their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a research report on Monday, July 14th. Truist Financial upped their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Mizuho decreased their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Piper Sandler increased their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust presently has an average rating of "Hold" and a consensus price target of $38.09.

Vornado Realty Trust Profile

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