Boothbay Fund Management LLC Acquires New Shares in Vornado Realty Trust $VNO

Boothbay Fund Management LLC acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 154,470 shares of the real estate investment trust’s stock, valued at approximately $6,261,000. Boothbay Fund Management LLC owned approximately 0.08% of Vornado Realty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VNO. Royal Bank of Canada lifted its holdings in shares of Vornado Realty Trust by 18.3% in the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 4,251 shares in the last quarter. AQR Capital Management LLC grew its stake in Vornado Realty Trust by 18.7% during the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after acquiring an additional 8,189 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Vornado Realty Trust by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock worth $22,705,000 after acquiring an additional 112,956 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Vornado Realty Trust in the 2nd quarter worth approximately $765,000. Finally, ProShare Advisors LLC lifted its stake in Vornado Realty Trust by 4.7% in the 2nd quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VNO. Piper Sandler cut their price target on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Evercore lowered their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Scotiabank reduced their target price on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Finally, Barclays decreased their target price on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Three equities 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, Vornado Realty Trust presently has an average rating of “Hold” and a consensus price target of $37.90.

Vornado Realty Trust Stock Down 0.4%

Shares of Vornado Realty Trust stock opened at $25.92 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. Vornado Realty Trust has a 52-week low of $25.28 and a 52-week high of $43.37. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 1.38 and a beta of 1.53. The company’s 50 day moving average price is $30.54 and its 200-day moving average price is $35.04.

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

About Vornado Realty Trust

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.