Vornado Realty Trust $VNO Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its holdings in Vornado Realty Trust by 82.3% in Q2, acquiring a total of 14,481 shares valued at $554,000.
• Several institutional investors, including Twin Tree Management and Fifth Third Bancorp, significantly increased their stakes in Vornado Realty Trust, contributing to institutional ownership rising to 90.02%.
• Stocks analysts have mixed views on Vornado Realty Trust, with price targets ranging from $34.00 to $48.00 and an average rating of "Hold", while recent earnings exceeded expectations despite a decline in revenue.

Bayforest Capital Ltd grew its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 82.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,481 shares of the real estate investment trust's stock after purchasing an additional 6,536 shares during the period. Bayforest Capital Ltd's holdings in Vornado Realty Trust were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of VNO. Twin Tree Management LP lifted its stake in shares of Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 38,585 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 347 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Vornado Realty Trust in the 1st quarter valued at $75,000. Fifth Third Bancorp lifted its stake in shares of Vornado Realty Trust by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 312 shares during the last quarter. Finally, Bfsg LLC lifted its stake in shares of Vornado Realty Trust by 14.4% in the 2nd quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust's stock valued at $182,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VNO shares. Bank of America decreased their price target on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Evercore ISI boosted their price objective on Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, September 15th. LADENBURG THALM/SH SH initiated coverage on Vornado Realty Trust in a report on Monday. They issued a "buy" rating and a $48.00 price objective on the stock. Citigroup upgraded Vornado Realty Trust from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $34.00 to $42.00 in a report on Friday, September 12th. Finally, Mizuho cut their price objective 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. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust currently has an average rating of "Hold" and an average target price of $39.42.

Vornado Realty Trust Price Performance

VNO stock opened at $39.74 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The firm has a market capitalization of $7.63 billion, a P/E ratio of 9.84, a P/E/G ratio of 4.72 and a beta of 1.59. The business's 50-day moving average is $39.38 and its two-hundred day moving average is $38.25. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $441.44 million for the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.Vornado Realty Trust's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. Analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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

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