Investors Purchase Large Volume of Vornado Realty Trust Call Options (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 42,239 call options on the company. This represents an increase of 9,522% compared to the typical daily volume of 439 call options.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction on 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 transaction, the executive vice president now directly owns 30,000 shares of the company's stock, valued at $1,139,400. This trade represents a 40.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 8.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Large investors have recently modified their holdings of the business. Twin Tree Management LP raised its holdings in shares of Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 38,585 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 523 shares in the last quarter. FIL Ltd bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at about $49,000. Assetmark Inc. grew its position in Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Vornado Realty Trust during the 1st quarter worth approximately $75,000. Institutional investors own 90.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VNO shares. Morgan Stanley lifted their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. Piper Sandler lifted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Truist Financial lifted their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Finally, Barclays lifted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $37.91.

Vornado Realty Trust Trading Up 3.0%

Vornado Realty Trust stock traded up $1.10 during trading hours on Friday, hitting $38.24. The company had a trading volume of 3,292,053 shares, compared to its average volume of 1,603,307. The firm has a market cap of $7.34 billion, a P/E ratio of 73.54, a P/E/G ratio of 13.67 and a beta of 1.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10. Vornado Realty Trust has a 1 year low of $25.36 and a 1 year high of $46.63. The company has a 50-day moving average price of $38.28 and a two-hundred day moving average price of $39.18.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the previous year, the business posted $0.55 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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