Vornado Realty Trust $VNO Shares Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC increased its Vornado Realty Trust position by 65.9% in the second quarter, purchasing 53,208 additional shares and bringing its total to 133,928 shares valued at approximately $5.3 million. Institutional investors and hedge funds collectively own 90.02% of Vornado’s stock.
• Director Michael Fascitelli sold 133,350 shares for about $4.9 million, reducing his holdings by 21.91%. Vornado also reported quarterly EPS of $0.08, missing the $0.57 consensus estimate, though revenue of $462.24 million exceeded expectations.
• Analyst sentiment remains mixed, with four Buy, five Hold, and four Sell ratings; the stock has an average rating of Hold and a consensus price target of $39.91.

Squarepoint Ops LLC raised its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 65.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,928 shares of the real estate investment trust's stock after purchasing an additional 53,208 shares during the period. Squarepoint Ops LLC owned 0.07% of Vornado Realty Trust worth $5,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Danske Bank A S acquired a new position in shares of Vornado Realty Trust during the third quarter worth $28,000. Parkside Financial Bank & Trust lifted its holdings in Vornado Realty Trust by 67.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 804 shares of the real estate investment trust's stock worth $32,000 after buying an additional 324 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Vornado Realty Trust during the 3rd quarter worth about $33,000. Employees Retirement System of Texas acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth about $36,000. Finally, BOKF NA boosted its position in shares of Vornado Realty Trust by 1,257.1% during the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 1,056 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael Fascitelli sold 133,350 shares of the company's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.00% of the stock is currently owned by company insiders.

Vornado Realty Trust Trading Up 3.2%

VNO opened at $35.46 on Friday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The business's 50 day moving average is $38.60 and its two-hundred day moving average is $33.65. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 1,774.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.49). The firm had revenue of $462.24 million during the quarter, compared to analyst estimates of $454.46 million. Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. Vornado Realty Trust's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. On average, research analysts predict that Vornado Realty Trust will post 2.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VNO. Citigroup raised their price objective on shares of Vornado Realty Trust from $34.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. LADENBURG THALM/SH SH increased their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $28.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, June 26th. Mizuho boosted their price target on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley downgraded shares of Vornado Realty Trust from an "equal weight" rating to an "underweight" rating and set a $32.00 price objective for the company. in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has an average rating of "Hold" and an average price target of $39.91.

About Vornado Realty Trust

Vornado Realty Trust is a publicly traded real estate investment trust that owns, manages and develops office, retail and mixed-use properties. The company's portfolio is concentrated in New York City, particularly in Manhattan, where it operates prominent office buildings and retail destinations in major commercial districts.

Vornado's activities include leasing office space to businesses, operating retail properties, managing building services and pursuing redevelopment opportunities.

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