Millennium Management LLC Raises Holdings in Vornado Realty Trust (NYSE:VNO)

Millennium Management LLC lifted its stake in Vornado Realty Trust (NYSE:VNO) by 50.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 716,153 shares of the real estate investment trust’s stock after buying an additional 239,751 shares during the quarter. Millennium Management LLC’s holdings in Vornado Realty Trust were worth $30,107,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Park Avenue Securities LLC boosted its position in Vornado Realty Trust by 20.7% during the fourth quarter. Park Avenue Securities LLC now owns 11,441 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 1,960 shares in the last quarter. HB Wealth Management LLC boosted its position in Vornado Realty Trust by 48.2% during the fourth quarter. HB Wealth Management LLC now owns 11,128 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 3,621 shares in the last quarter. UMB Bank n.a. boosted its position in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Ballentine Partners LLC boosted its position in Vornado Realty Trust by 19.3% during the fourth quarter. Ballentine Partners LLC now owns 8,112 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 1,313 shares in the last quarter. Finally, Perpetual Ltd purchased a new position in Vornado Realty Trust during the fourth quarter worth approximately $638,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $39.63 on Monday. The business has a 50 day simple moving average of $36.39 and a two-hundred day simple moving average of $39.95. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The stock has a market capitalization of $7.61 billion, a P/E ratio of 990.75, a PEG ratio of 9.69 and a beta of 1.47. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The firm had revenue of $461.58 million during the quarter, compared to analysts’ expectations of $452.68 million. During the same quarter last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VNO. Compass Point increased their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Barclays increased their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Piper Sandler lowered their price target on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. Finally, StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.00.

Vornado Realty Trust Profile

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