Victory Capital Management Inc. Increases Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Victory Capital Management Inc. boosted its stake in Vornado Realty Trust (NYSE:VNO) by 208.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,054 shares of the real estate investment trust’s stock after acquiring an additional 68,324 shares during the period. Victory Capital Management Inc. owned 0.05% of Vornado Realty Trust worth $3,738,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VNO. KLP Kapitalforvaltning AS bought a new position in Vornado Realty Trust in the fourth quarter worth $1,413,000. LPL Financial LLC grew its position in shares of Vornado Realty Trust by 11.9% in the 4th quarter. LPL Financial LLC now owns 78,917 shares of the real estate investment trust’s stock worth $3,318,000 after buying an additional 8,398 shares during the period. Prudential Financial Inc. grew its position in shares of Vornado Realty Trust by 35.6% in the 4th quarter. Prudential Financial Inc. now owns 121,650 shares of the real estate investment trust’s stock worth $5,114,000 after buying an additional 31,947 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Vornado Realty Trust by 4.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 109,796 shares of the real estate investment trust’s stock worth $4,659,000 after acquiring an additional 4,358 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in Vornado Realty Trust by 6.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock valued at $9,321,000 after acquiring an additional 12,780 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president owned 30,000 shares of the company’s stock, valued at $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.42% of the stock is currently owned by insiders.

Vornado Realty Trust Price Performance

VNO opened at $39.94 on Monday. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 76.80, a PEG ratio of 14.45 and a beta of 1.50. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 12-month low of $26.19 and a 12-month high of $46.63. The business’s fifty day simple moving average is $38.85 and its 200-day simple moving average is $38.62.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The business had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VNO shares. Piper Sandler raised their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Scotiabank upped their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, July 14th. Mizuho lowered their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday, July 14th. Truist Financial boosted their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.09.

About Vornado Realty Trust

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