Intech Investment Management LLC Sells 25,932 Shares of Vornado Realty Trust $VNO

Intech Investment Management LLC trimmed its position in Vornado Realty Trust (NYSE:VNO) by 59.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,703 shares of the real estate investment trust’s stock after selling 25,932 shares during the period. Intech Investment Management LLC’s holdings in Vornado Realty Trust were worth $589,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Danske Bank A S bought a new position in Vornado Realty Trust in the 3rd quarter valued at $28,000. Advisory Services Network LLC bought a new position in Vornado Realty Trust in the 3rd quarter valued at $33,000. Farmers & Merchants Investments Inc. boosted its position in Vornado Realty Trust by 512.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 718 shares during the last quarter. Employees Retirement System of Texas bought a new position in Vornado Realty Trust in the 4th quarter valued at $36,000. Finally, BOKF NA boosted its position 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 buying an additional 1,056 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

VNO stock opened at $38.49 on Wednesday. The business’s fifty day moving average is $30.35 and its 200-day moving average is $31.06. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The company has a market cap of $7.24 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.83 and a beta of 1.56. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The company had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.72 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. Equities research analysts forecast that Vornado Realty Trust will post 2.34 EPS for the current year.

Vornado Realty Trust declared that its board has authorized a share buyback plan on Wednesday, April 29th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VNO shares. JPMorgan Chase & Co. increased their price objective on Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Scotiabank increased their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Barclays decreased their price objective on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Mizuho cut their price target on 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. Finally, Weiss Ratings downgraded Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $34.55.

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.