Invesco Ltd. Acquires 1,067,284 Shares of Vornado Realty Trust (NYSE:VNO)

Key Points

• Invesco Ltd. increased its stake in Vornado Realty Trust by 34%, acquiring an additional 1,067,284 shares during the first quarter, bringing its total ownership to 4,203,184 shares.
• Analysts have varying price targets for Vornado Realty Trust, with Truist Financial setting the target at $38.00 and Evercore ISI lowering it to $44.00, while the stock holds a consensus rating of "Hold" with a target price of $37.80.
• Vornado Realty Trust reported $0.56 EPS for its latest quarter, surpassing expectations, but revenue decreased by 2% year-over-year to $441.44 million.

Invesco Ltd. increased its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,203,184 shares of the real estate investment trust's stock after purchasing an additional 1,067,284 shares during the quarter. Invesco Ltd. owned approximately 2.19% of Vornado Realty Trust worth $155,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 5.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 284,926 shares of the real estate investment trust's stock worth $11,978,000 after acquiring an additional 14,843 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Vornado Realty Trust by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 77,058 shares of the real estate investment trust's stock worth $3,240,000 after purchasing an additional 480 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Vornado Realty Trust by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 10,471 shares of the real estate investment trust's stock worth $440,000 after purchasing an additional 3,790 shares in the last quarter. Townsquare Capital LLC acquired a new stake in Vornado Realty Trust in the fourth quarter valued at about $210,000. Finally, Mariner LLC boosted its stake 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 buying an additional 404 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded up $0.12 during midday trading on Friday, reaching $37.17. 849,774 shares of the company's stock traded hands, compared to its average volume of 1,431,325. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 13.46 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. Vornado Realty Trust has a one year low of $29.68 and a one year high of $46.63. The stock has a 50 day moving average of $38.70 and a 200 day moving average of $38.31.

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

Insider Transactions at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the firm's 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 transaction, the executive vice president owned 30,000 shares of the company's stock, valued at $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on VNO shares. Evercore ISI dropped their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Scotiabank lifted their target price on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a report on Monday, July 14th. Mizuho decreased their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Piper Sandler increased their price target 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. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $37.80.

Vornado Realty Trust Profile

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