Wellington Management Group LLP grew its position in Vornado Realty Trust (NYSE:VNO – Free Report) by 440.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 598,395 shares of the real estate investment trust’s stock after acquiring an additional 487,710 shares during the period. Wellington Management Group LLP’s holdings in Vornado Realty Trust were worth $23,517,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of VNO. Public Employees Retirement System of Ohio acquired a new position in Vornado Realty Trust during the 2nd quarter worth about $10,283,000. Adelante Capital Management LLC acquired a new position in Vornado Realty Trust in the 2nd quarter valued at about $27,030,000. Whitener Capital Management Inc. acquired a new position in Vornado Realty Trust in the 2nd quarter valued at about $201,000. Yoffe Investment Management LLC purchased a new stake in Vornado Realty Trust during the second quarter worth about $212,000. Finally, Handelsbanken Fonder AB increased its stake in Vornado Realty Trust by 24.8% during the second quarter. Handelsbanken Fonder AB now owns 55,900 shares of the real estate investment trust’s stock worth $2,197,000 after purchasing an additional 11,100 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. LADENBURG THALM/SH SH raised their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. BMO Capital Markets increased their target price on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Mizuho raised their price target on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. UBS Group cut Vornado Realty Trust to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, Citigroup boosted their target price on Vornado Realty Trust from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.91.
Insiders Place Their Bets
In other Vornado Realty Trust news, Director Michael Fascitelli sold 133,350 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the sale, the director directly owned 475,161 shares in the company, valued at $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Russell Wright, Jr. purchased 4,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of $16.94 per share, with a total value of $67,760.00. Following the completion of the acquisition, the director directly owned 13,000 shares in the company, valued at $220,220. The trade was a 44.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 9.00% of the stock is owned by company insiders.
Vornado Realty Trust Stock Up 0.1%
Shares of Vornado Realty Trust stock opened at $36.59 on Friday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. Vornado Realty Trust has a 52-week low of $24.57 and a 52-week high of $43.37. The company has a market capitalization of $6.83 billion, a P/E ratio of 1,830.42, a P/E/G ratio of 1.69 and a beta of 1.53. The company has a 50 day moving average of $39.07 and a 200 day moving average of $33.44.
Vornado Realty Trust (NYSE:VNO – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). The firm had revenue of $462.24 million during the quarter, compared to analyst estimates of $454.46 million. Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. Vornado Realty Trust’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, research analysts forecast that Vornado Realty Trust will post 2.35 EPS for the current fiscal year.
About Vornado Realty Trust
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.
Read More
- Five stocks we like better than Vornado Realty Trust
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO – Free Report).
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
