Partners Capital Investment Group LLP Takes $7.53 Million Position in Vornado Realty Trust $VNO

Partners Capital Investment Group LLP bought a new position in shares of Vornado Realty Trust (NYSE:VNO) during the first quarter, Holdings Channel reports. The fund bought 203,558 shares of the real estate investment trust’s stock, valued at approximately $7,530,000.

A number of other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Vornado Realty Trust in the first quarter worth $2,151,000. Teacher Retirement System of Texas purchased a new position in Vornado Realty Trust during the first quarter worth about $876,000. Handelsbanken Fonder AB increased its stake in Vornado Realty Trust by 20.7% in the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust’s stock worth $1,898,000 after acquiring an additional 8,800 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Vornado Realty Trust by 18.2% during the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 868 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 312 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Down 1.2%

Shares of VNO opened at $36.6880 on Thursday. The firm has a fifty day simple moving average of $38.44 and a two-hundred day simple moving average of $38.22. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The stock has a market capitalization of $7.05 billion, a P/E ratio of 9.08, a PEG ratio of 13.40 and a beta of 1.56. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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 increased their price target on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, July 14th. Mizuho dropped their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Monday, July 14th. Truist Financial upped their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.80.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the sale, the executive vice president owned 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.42% of the stock is owned by insiders.

Vornado Realty Trust Profile

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