Vanderbilt University purchased a new position in shares of Vornado Realty Trust (NYSE:VNO – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 18,177 shares of the real estate investment trust’s stock, valued at approximately $472,000.
Several other hedge funds have also made changes to their positions in VNO. Danske Bank A S acquired a new position in Vornado Realty Trust during the 3rd quarter valued at approximately $28,000. Advisory Services Network LLC acquired a new stake in Vornado Realty Trust in the third quarter worth $33,000. Farmers & Merchants Investments Inc. increased its position in Vornado Realty Trust by 512.9% in the fourth 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 period. Employees Retirement System of Texas bought a new stake in Vornado Realty Trust in the fourth quarter valued at $36,000. Finally, BOKF NA lifted its stake in Vornado Realty Trust by 1,257.1% in the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,056 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.
Vornado Realty Trust Trading Up 0.8%
Vornado Realty Trust stock opened at $37.95 on Thursday. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. The stock has a market capitalization of $7.14 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.56. The firm has a 50 day simple moving average of $32.93 and a 200-day simple moving average of $31.22.
Vornado Realty Trust announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 29th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Insider Buying and Selling at Vornado Realty Trust
In other news, Director Russell B. Wight, Jr. acquired 4,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were bought at an average price of $16.94 per share, with a total value of $67,760.00. Following the purchase, the director owned 13,000 shares of the company’s stock, valued at approximately $220,220. This represents a 44.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael D. Fascitelli sold 133,350 shares of the company’s stock in a transaction 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 owned 475,161 shares of the company’s stock, valued at approximately $17,400,395.82. This trade represents a 21.91% decrease in their position. The SEC filing for this sale provides additional information. 9.00% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on VNO shares. Scotiabank boosted their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. BMO Capital Markets lifted their price objective on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Barclays reduced their target price on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Truist Financial dropped their price target on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.42.
Vornado Realty Trust Company Profile
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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