Vornado Realty Trust $VNO Shares Acquired by Leonteq Securities AG

Leonteq Securities AG lifted its position in shares of Vornado Realty Trust (NYSE:VNOFree Report) by 23,959.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 18,285 shares of the real estate investment trust’s stock after purchasing an additional 18,209 shares during the period. Leonteq Securities AG’s holdings in Vornado Realty Trust were worth $475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Danske Bank A S purchased a new position in Vornado Realty Trust in the third quarter valued at $28,000. Farmers & Merchants Investments Inc. lifted its holdings in Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 718 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Vornado Realty Trust during the 3rd quarter worth about $33,000. Employees Retirement System of Texas acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth about $36,000. Finally, Inspire Investing LLC acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 0.1%

VNO opened at $40.52 on Friday. Vornado Realty Trust has a one year low of $24.57 and a one year high of $43.37. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. The stock has a market capitalization of $7.62 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.53. The business’s 50-day simple moving average is $34.44 and its 200-day simple moving average is $31.48.

Vornado Realty Trust (NYSE:VNOGet Free Report) last announced its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. Analysts anticipate that Vornado Realty Trust will post 2.34 EPS for the current year.

Vornado Realty Trust declared that its Board of Directors has initiated a stock buyback program on Wednesday, April 29th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VNO. JPMorgan Chase & Co. raised their target price on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. BMO Capital Markets upped their price target on Vornado Realty Trust from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Citigroup increased their price target on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Morgan Stanley cut their price objective on shares of Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, Scotiabank boosted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $36.33.

Read Our Latest Research Report on VNO

Insider Buying and Selling

In other news, Director Russell B. Wight, Jr. acquired 4,000 shares of Vornado Realty Trust stock in a transaction on Monday, June 8th. The stock was bought at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the purchase, the director owned 13,000 shares in the company, valued at $220,220. This represents a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director directly owned 475,161 shares of the company’s stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.00% of the stock is currently owned by insiders.

Vornado Realty Trust 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.

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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