Pacific Heights Asset Management LLC Has $11.65 Million Stock Position in Vornado Realty Trust $VNO

Posted by George Bondi on May 18th, 2026

Pacific Heights Asset Management LLC lifted its position in shares of Vornado Realty Trust (NYSE:VNO – Free Report) by 75.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 350,000 shares of the real estate investment trust’s stock after buying an additional 150,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Vornado Realty Trust were worth $11,648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Vornado Realty Trust by 2.3% during the third quarter. Franklin Resources Inc. now owns 12,309,059 shares of the real estate investment trust’s stock worth $498,886,000 after buying an additional 274,313 shares in the last quarter. State Street Corp lifted its position in Vornado Realty Trust by 0.5% during the second quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after purchasing an additional 39,767 shares during the period. Principal Financial Group Inc. lifted its position in Vornado Realty Trust by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 6,044,708 shares of the real estate investment trust’s stock worth $201,168,000 after purchasing an additional 243,905 shares during the period. Centersquare Investment Management LLC lifted its position in Vornado Realty Trust by 1.4% during the third quarter. Centersquare Investment Management LLC now owns 3,172,261 shares of the real estate investment trust’s stock worth $128,572,000 after purchasing an additional 42,323 shares during the period. Finally, Bank of America Corp DE lifted its position in Vornado Realty Trust by 9.4% during the second quarter. Bank of America Corp DE now owns 1,730,149 shares of the real estate investment trust’s stock worth $66,161,000 after purchasing an additional 148,253 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 0.2%

Shares of NYSE VNO opened at $30.53 on Monday. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.55 and a beta of 1.53. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37. The stock has a 50-day moving average price of $27.86 and a two-hundred day moving average price of $31.36.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last issued its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.72 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. As a group, analysts forecast that Vornado Realty Trust will post 2.33 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its Board of Directors has approved a stock buyback program on Wednesday, April 29th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on VNO. Weiss Ratings cut shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Mizuho cut their price objective on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Piper Sandler cut their price objective on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Barclays cut their price objective on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Finally, Scotiabank cut their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.09.

Get Our Latest Stock Report on Vornado Realty Trust

Vornado Realty Trust Company Profile

(Free Report)

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.