Bamco Inc. NY Sells 313,967 Shares of Vornado Realty Trust $VNO

Bamco Inc. NY lessened its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,408,487 shares of the real estate investment trust’s stock after selling 313,967 shares during the quarter. Bamco Inc. NY owned approximately 0.73% of Vornado Realty Trust worth $57,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VNO. Westside Investment Management Inc. lifted its position in shares of Vornado Realty Trust by 100.0% in the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 443 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth approximately $39,000. BOKF NA raised its stake in Vornado Realty Trust by 1,257.1% in the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,056 shares during the period. Spire Wealth Management raised its stake in Vornado Realty Trust by 19.6% in the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 275 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Vornado Realty Trust by 238.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,443 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

VNO opened at $25.92 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. The business has a fifty day simple moving average of $30.54 and a 200 day simple moving average of $35.04. Vornado Realty Trust has a 1 year low of $25.28 and a 1 year high of $43.37. The company has a market capitalization of $4.94 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $453.71 million during the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.Vornado Realty Trust’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. Research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on VNO. JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a research report on Monday, November 24th. Truist Financial dropped their price objective on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Piper Sandler cut their target price on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Evercore reduced their target price on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Finally, Mizuho decreased their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.90.

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.