Vornado Realty Trust $VNO Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Vornado Realty Trust by 29.7%, acquiring an additional 14,795 shares, bringing its total holdings to 64,644 shares valued at approximately $2.4 million.
• Vornado Realty Trust reported earnings per share (EPS) of $0.56 for the last quarter, surpassing expectations, but saw revenue decline by 2.0% year-over-year.
• Institutional investors own 90.02% of Vornado Realty Trust stock, illustrating strong interest and confidence from major players in the market.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 29.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,644 shares of the real estate investment trust's stock after acquiring an additional 14,795 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Vornado Realty Trust were worth $2,402,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VNO. Signaturefd LLC lifted its position in shares of Vornado Realty Trust by 1.4% during the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock worth $758,000 after purchasing an additional 282 shares during the last quarter. Fifth Third Bancorp raised its stake in Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 312 shares in the last quarter. Vident Advisory LLC lifted its holdings in Vornado Realty Trust by 4.7% during the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after buying an additional 344 shares during the last quarter. Assetmark Inc. grew its position 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 worth $68,000 after acquiring an additional 347 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of Vornado Realty Trust by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock valued at $1,469,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $36.1480 on Friday. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 13.24 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The stock's 50 day moving average price is $38.34 and its 200 day moving average price is $38.17.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued 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. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The firm had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. During the same period last year, the company posted $0.57 EPS. The firm's quarterly revenue was down 2.0% on a year-over-year basis. Equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were 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 directly owned 30,000 shares of the company's stock, valued at approximately $1,139,400. This represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.42% of the company's stock.

Analysts Set New Price Targets

VNO has been the topic of several research reports. Truist Financial upped their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Barclays raised their price target on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday. Evercore ISI cut their target price on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Mizuho lowered their target price 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. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of "Hold" and an average price target of $38.22.

About Vornado Realty Trust

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

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