Vornado Realty Trust $VNO Stock Position Raised by Friedenthal Financial

Key Points

• Friedenthal Financial significantly increased its stake in Vornado Realty Trust by 1,189.6% during the second quarter, owning a total of 26,178 shares valued at approximately $1,001,000.
• Recent insider activity includes EVP Haim Chera selling 30,000 shares of Vornado Realty Trust for over $1.18 million, demonstrating possible insider confidence in the stock's performance.
• Vornado Realty Trust's stock is currently down 1.7% and has a market capitalization of $7.79 billion, alongside recent earnings reporting an EPS of $0.56, beating estimates but reflecting a year-over-year revenue decline.

Friedenthal Financial lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 1,189.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,178 shares of the real estate investment trust's stock after buying an additional 24,148 shares during the period. Friedenthal Financial's holdings in Vornado Realty Trust were worth $1,001,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Vornado Realty Trust in the 1st quarter worth about $2,151,000. Teacher Retirement System of Texas bought a new position in Vornado Realty Trust in the 1st quarter worth about $876,000. Handelsbanken Fonder AB grew its position in Vornado Realty Trust by 20.7% in the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock worth $1,898,000 after purchasing an additional 8,800 shares during the last quarter. GAMMA Investing LLC grew its position in Vornado Realty Trust by 18.2% in the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock worth $208,000 after purchasing an additional 868 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in 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 worth $82,000 after purchasing an additional 312 shares during the last quarter. Institutional investors 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.42% of the stock is currently owned by insiders.

Vornado Realty Trust Stock Down 1.7%

Shares of NYSE:VNO opened at $40.55 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The company has a market cap of $7.79 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 5.01 and a beta of 1.59. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $46.63. The firm has a 50 day simple moving average of $39.26 and a 200 day simple moving average of $38.22.

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 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

VNO has been the subject of several recent analyst reports. Scotiabank decreased their price objective on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a report on Thursday, August 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Vornado Realty Trust in a report on Saturday, September 27th. Barclays increased their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Truist Financial increased their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 12th. Finally, Evercore ISI increased their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and a consensus price target of $38.64.

Vornado Realty Trust Profile

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

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