Acadian Asset Management LLC Invests $3.34 Million in Vornado Realty Trust $VNO

Acadian Asset Management LLC bought a new stake in Vornado Realty Trust (NYSE:VNO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 90,384 shares of the real estate investment trust’s stock, valued at approximately $3,341,000.

Several other large investors have also recently bought and sold shares of VNO. Signaturefd LLC increased its holdings in shares of Vornado Realty Trust by 1.4% during the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust’s stock worth $758,000 after purchasing an additional 282 shares during the period. Compound Planning Inc. lifted its holdings in shares of Vornado Realty Trust by 4.4% during the first quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 311 shares during the period. Fifth Third Bancorp raised its stake in Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 312 shares during the last quarter. Norinchukin Bank The raised its stake in Vornado Realty Trust by 4.7% during the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 341 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in Vornado Realty Trust by 4.7% in the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 344 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Insider Activity at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.42% of the company’s stock.

Vornado Realty Trust Trading Up 2.3%

Shares of VNO opened at $42.98 on Monday. 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 has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The stock has a market capitalization of $8.25 billion, a PE ratio of 10.64, a P/E/G ratio of 5.46 and a beta of 1.58. The company’s fifty day moving average is $38.47 and its 200 day moving average is $37.89.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 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 analysts’ expectations of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank reduced their price objective on shares of 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. Piper Sandler upped their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Mizuho reduced their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday, July 14th. Bank of America dropped their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. Finally, Truist Financial raised their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.45.

About Vornado Realty Trust

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