Vornado Realty Trust $VNO Shares Bought by Private Management Group Inc.

Key Points

• Private Management Group Inc. raised its stake in Vornado Realty Trust by 19.5% to 772,352 shares (about 0.40% of the company), and institutional investors now own roughly 90.02% of the stock.
• Vornado has a market cap of $4.94 billion and a P/E of 6.19; it posted quarterly EPS of $0.55 versus $0.57 expected (a miss) while revenue of $453.7M beat estimates but was down 0.9% year‑over‑year.
• Analysts are mixed: the consensus rating is "Hold" (3 Buys, 7 Holds, 1 Sell) with an average price target of $37.90 amid several recent downward target revisions.

Private Management Group Inc. raised its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 772,352 shares of the real estate investment trust's stock after purchasing an additional 126,242 shares during the quarter. Private Management Group Inc. owned 0.40% of Vornado Realty Trust worth $31,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Westside Investment Management Inc. raised its stake in shares of Vornado Realty Trust by 100.0% during the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 443 shares during the last quarter. Quent Capital LLC purchased a new position in Vornado Realty Trust in the 3rd quarter valued at $39,000. BOKF NA grew its position in Vornado Realty Trust by 1,257.1% in the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,056 shares during the last quarter. Spire Wealth Management increased its stake in Vornado Realty Trust by 19.6% in the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 275 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Vornado Realty Trust by 238.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 1,443 shares during the period. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $25.92 on Friday. The company has a market cap of $4.94 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53. Vornado Realty Trust has a one year low of $25.28 and a one year high of $43.37. The business has a fifty day moving average of $30.54 and a two-hundred day moving average of $35.07. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.02). The company had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VNO shares. Truist Financial reduced their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Tuesday, December 16th. Evercore dropped their price target on shares of Vornado Realty Trust from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, December 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Scotiabank reduced their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a "sector perform" rating for the company in a research report on Monday, March 2nd. Finally, Wall Street Zen lowered Vornado Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $37.90.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado's business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company's core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.

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