Bank of Montreal Can Acquires 19,838 Shares of Vornado Realty Trust $VNO

Bank of Montreal Can grew its holdings in Vornado Realty Trust (NYSE:VNO) by 47.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,864 shares of the real estate investment trust’s stock after purchasing an additional 19,838 shares during the period. Bank of Montreal Can’s holdings in Vornado Realty Trust were worth $2,366,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its position in shares of Vornado Realty Trust by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the real estate investment trust’s stock valued at $1,720,000 after buying an additional 500 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Vornado Realty Trust by 1.4% during the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust’s stock valued at $758,000 after acquiring an additional 282 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Vornado Realty Trust by 208.8% during the 1st quarter. Victory Capital Management Inc. now owns 101,054 shares of the real estate investment trust’s stock valued at $3,738,000 after acquiring an additional 68,324 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Vornado Realty Trust by 16.0% in the first quarter. Allianz Asset Management GmbH now owns 357,108 shares of the real estate investment trust’s stock worth $13,209,000 after acquiring an additional 49,286 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Vornado Realty Trust by 5.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 11,397 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $35.39 on Thursday. 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 stock has a 50-day simple moving average of $39.61 and a two-hundred day simple moving average of $38.79. The firm has a market capitalization of $6.80 billion, a PE ratio of 8.76, a P/E/G ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.52.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $453.70 million for the quarter, compared to the consensus estimate of $435.19 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VNO shares. Citigroup upgraded shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $42.00 in a report on Friday, September 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a report on Wednesday, October 8th. Truist Financial lifted their price objective on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Scotiabank reduced their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. Finally, Evercore ISI increased their target price on Vornado Realty Trust from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.33.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.42% of the company’s stock.

About Vornado Realty Trust

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