LPL Financial LLC Raises Stock Holdings in Vornado Realty Trust $VNO

Key Points

• LPL Financial LLC increased its stake in Vornado Realty Trust by 13.3%, now owning 89,401 shares valued at approximately $3.3 million.
• Institutional investors hold 90.02% of Vornado Realty Trust's stock, highlighting strong confidence in the company's performance.
• Vornado Realty Trust's latest quarterly earnings reported $0.56 EPS, exceeding expectations and showing a net margin of 48.49%.

LPL Financial LLC increased its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,401 shares of the real estate investment trust's stock after purchasing an additional 10,484 shares during the quarter. LPL Financial LLC's holdings in Vornado Realty Trust were worth $3,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC increased its holdings 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 worth $758,000 after buying an additional 282 shares during the last quarter. Fifth Third Bancorp lifted 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 worth $82,000 after purchasing an additional 312 shares during the period. Vident Advisory LLC raised its stake in Vornado Realty Trust by 4.7% during the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after acquiring an additional 344 shares in the last quarter. Assetmark Inc. raised its stake in Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 347 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Vornado Realty Trust by 1.0% during the first quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock worth $1,469,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VNO. Evercore ISI lowered their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Piper Sandler raised 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. Mizuho reduced 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. Finally, Truist Financial lifted their price objective on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $37.80.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO traded down $0.51 during trading on Wednesday, reaching $36.62. 1,162,845 shares of the company traded hands, compared to its average volume of 1,431,822. The company's 50 day moving average is $38.53 and its two-hundred day moving average is $38.23. The firm has a market capitalization of $7.03 billion, a PE ratio of 9.06, a PEG ratio of 13.28 and a beta of 1.56. 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 52 week low of $29.68 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company had revenue of $441.44 million during the quarter, compared to analysts' expectations of $468.79 million. During the same quarter in the previous year, the firm earned $0.57 EPS. Vornado Realty Trust's revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the sale, the executive vice president owned 30,000 shares of the company's stock, valued at approximately $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Profile

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