Fox Run Management L.L.C. Makes New Investment in Vornado Realty Trust $VNO

Fox Run Management L.L.C. bought a new position in shares of Vornado Realty Trust (NYSE:VNO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 46,912 shares of the real estate investment trust’s stock, valued at approximately $1,794,000.

A number of other hedge funds have also modified their holdings of VNO. Invesco Ltd. boosted its stake in Vornado Realty Trust by 34.0% during the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust’s stock worth $155,476,000 after acquiring an additional 1,067,284 shares during the last quarter. Deutsche Bank AG raised its holdings in Vornado Realty Trust by 21.3% in the first quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust’s stock worth $109,228,000 after purchasing an additional 517,773 shares during the period. Northern Trust Corp raised its holdings in Vornado Realty Trust by 1.8% in the first quarter. Northern Trust Corp now owns 2,790,326 shares of the real estate investment trust’s stock worth $103,214,000 after purchasing an additional 49,197 shares during the period. Earnest Partners LLC boosted its position in shares of Vornado Realty Trust by 3.3% during the first quarter. Earnest Partners LLC now owns 2,666,190 shares of the real estate investment trust’s stock worth $98,622,000 after purchasing an additional 86,000 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in shares of Vornado Realty Trust by 32.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock valued at $96,022,000 after buying an additional 632,721 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Up 4.4%

Shares of Vornado Realty Trust stock opened at $37.18 on Friday. The business’s 50 day simple moving average is $39.75 and its 200 day simple moving average is $38.74. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The firm has a market cap of $7.14 billion, a PE ratio of 9.20, a P/E/G ratio of 4.57 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $453.70 million during the quarter, compared to the consensus estimate of $435.19 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Haim Chera sold 30,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.42% of the company’s stock.

Analysts Set New Price Targets

VNO has been the topic of several research analyst reports. Truist Financial raised their price objective on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. Scotiabank dropped their price target on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Mizuho cut their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday, July 14th. Citigroup raised Vornado Realty Trust from a “sell” rating to a “neutral” rating and increased their target price for the stock from $34.00 to $42.00 in a research note on Friday, September 12th. Finally, Bank of America dropped their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, August 25th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.33.

Vornado Realty Trust Profile

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