AlphaQuest LLC Invests $931,000 in Vornado Realty Trust $VNO

AlphaQuest LLC bought a new position in Vornado Realty Trust (NYSE:VNO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 24,352 shares of the real estate investment trust’s stock, valued at approximately $931,000.

Several other institutional investors have also recently made changes to their positions in VNO. GAMMA Investing LLC increased its position in Vornado Realty Trust by 18.2% during the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 868 shares in the last quarter. Diversified Trust Co bought a new position in Vornado Realty Trust during the 1st quarter valued at approximately $719,000. Illinois Municipal Retirement Fund increased its position in Vornado Realty Trust by 66.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 44,831 shares of the real estate investment trust’s stock valued at $1,658,000 after buying an additional 17,920 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Vornado Realty Trust by 1.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,243 shares of the real estate investment trust’s stock valued at $6,741,000 after buying an additional 2,198 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Vornado Realty Trust by 9.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,892 shares of the real estate investment trust’s stock valued at $1,291,000 after buying an additional 2,986 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VNO shares. Barclays raised their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. LADENBURG THALM/SH SH started coverage on Vornado Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $48.00 price objective for the company. 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. Citigroup upgraded Vornado Realty Trust from a “sell” rating to a “neutral” rating and increased their target price for the company from $34.00 to $42.00 in a research note on Friday, September 12th. Finally, Bank of America cut their target price on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and an average price target of $39.42.

Insider Activity

In other news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.42% of the stock is currently owned by company insiders.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $39.37 on Monday. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 4.78 and a beta of 1.59. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $39.74 and its two-hundred day simple moving average is $38.55.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million for the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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