Brevan Howard Capital Management LP Takes Position in Vornado Realty Trust (NYSE:VNO)

Brevan Howard Capital Management LP bought a new position in Vornado Realty Trust (NYSE:VNO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,921 shares of the real estate investment trust’s stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in shares of Vornado Realty Trust in the fourth quarter valued at $32,000. UMB Bank n.a. raised its position in shares of Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. FIL Ltd purchased a new position in Vornado Realty Trust in the fourth quarter worth about $49,000. Assetmark Inc. boosted its holdings in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 286 shares during the period. Finally, Blue Trust Inc. raised its holdings in Vornado Realty Trust by 61.6% during the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 677 shares during the period. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Up 0.3 %

VNO opened at $38.84 on Friday. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The stock has a fifty day moving average price of $36.29 and a 200-day moving average price of $40.10. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 971.00, a PEG ratio of 9.69 and a beta of 1.47. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Piper Sandler reduced their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Barclays upped their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. Morgan Stanley raised their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, March 14th. Compass Point upped their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, StockNews.com downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.00.

About Vornado Realty Trust

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