Woodline Partners LP Increases Position in Vornado Realty Trust $VNO

Key Points

• Woodline Partners LP significantly increased its holdings in Vornado Realty Trust by 214.9%, acquiring an additional 409,362 shares in the first quarter, bringing its total ownership to 599,874 shares.
• Vornado Realty Trust reported a quarterly EPS of $0.56, exceeding analyst expectations, but its revenue declined by 2% year-over-year.
• Institutions and hedge funds control 90.02% of Vornado Realty Trust's stock, highlighting strong institutional interest in the company.

Woodline Partners LP boosted its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 214.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 599,874 shares of the real estate investment trust's stock after purchasing an additional 409,362 shares during the period. Woodline Partners LP owned approximately 0.31% of Vornado Realty Trust worth $22,189,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VNO. Captrust Financial Advisors grew its position in shares of Vornado Realty Trust by 12.5% during the 4th quarter. Captrust Financial Advisors now owns 24,602 shares of the real estate investment trust's stock valued at $1,034,000 after acquiring an additional 2,729 shares during the period. Cetera Investment Advisers grew its position in shares of Vornado Realty Trust by 3.5% during the 4th quarter. Cetera Investment Advisers now owns 15,329 shares of the real estate investment trust's stock valued at $644,000 after acquiring an additional 520 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $514,000. Millennium Management LLC grew its position in shares of Vornado Realty Trust by 50.3% during the 4th quarter. Millennium Management LLC now owns 716,153 shares of the real estate investment trust's stock valued at $30,107,000 after acquiring an additional 239,751 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $1,682,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup upgraded Vornado Realty Trust from a "sell" rating to a "neutral" rating and raised their target price for the company from $34.00 to $42.00 in a research report on Friday. Truist Financial raised their target price on Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a research report on Friday. Bank of America lowered their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, August 25th. Scotiabank lowered their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. Finally, Evercore ISI lifted their price objective on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Vornado Realty Trust has a consensus rating of "Hold" and an average price target of $38.64.

Vornado Realty Trust Price Performance

VNO traded down $0.09 during trading on Tuesday, reaching $41.98. The company's stock had a trading volume of 317,692 shares, compared to its average volume of 1,493,840. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $38.56 and a two-hundred day simple moving average of $37.89. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 5.46 and a beta of 1.58.

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

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were 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 can be accessed through the SEC website. 8.42% of the stock is owned by company insiders.

About Vornado Realty Trust

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