Traders Purchase High Volume of Call Options on Vornado Realty Trust (NYSE:VNO)

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

Vornado Realty Trust Trading Up 3.6%

Vornado Realty Trust stock traded up $1.29 during midday trading on Thursday, hitting $37.18. 2,498,738 shares of the stock were exchanged, compared to its average volume of 1,600,500. Vornado Realty Trust has a fifty-two week low of $24.76 and a fifty-two week high of $46.63. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 71.49, a PEG ratio of 13.21 and a beta of 1.52. The stock's 50-day simple moving average is $38.20 and its 200 day simple moving average is $39.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.81.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Piper Sandler boosted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Morgan Stanley boosted their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Finally, Barclays boosted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Two research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.91.

Insider Buying and Selling at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the business's 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 in the company, valued at $1,139,400. The trade was a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.42% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in shares of Vornado Realty Trust by 1.4% in the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock valued at $758,000 after purchasing an additional 282 shares during the period. Assetmark Inc. boosted its stake in shares of Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 286 shares during the period. Compound Planning Inc. boosted its stake in shares of Vornado Realty Trust by 4.4% in the first quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust's stock valued at $272,000 after purchasing an additional 311 shares during the period. Fifth Third Bancorp boosted its stake in shares of Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 312 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after purchasing an additional 324 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Company Profile

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