Vanderbilt University Takes $472,000 Position in Vornado Realty Trust $VNO

Vanderbilt University bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,177 shares of the real estate investment trust’s stock, valued at approximately $472,000.

A number of other institutional investors have also recently added to or reduced their stakes in VNO. Lighthouse Investment Partners LLC increased its position in shares of Vornado Realty Trust by 20.9% during the third quarter. Lighthouse Investment Partners LLC now owns 260,000 shares of the real estate investment trust’s stock worth $10,538,000 after acquiring an additional 45,000 shares during the last quarter. Vestcor Inc acquired a new position in shares of Vornado Realty Trust in the third quarter worth about $4,572,000. Private Management Group Inc. boosted its holdings in Vornado Realty Trust by 19.5% in the third quarter. Private Management Group Inc. now owns 772,352 shares of the real estate investment trust’s stock valued at $31,303,000 after purchasing an additional 126,242 shares during the last quarter. Pacific Heights Asset Management LLC boosted its holdings in Vornado Realty Trust by 75.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock valued at $11,648,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake in Vornado Realty Trust by 1.4% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,172,261 shares of the real estate investment trust’s stock valued at $128,572,000 after purchasing an additional 42,323 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 0.8%

Shares of Vornado Realty Trust stock opened at $37.95 on Thursday. The business has a 50-day moving average price of $32.93 and a 200 day moving average price of $31.22. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The firm has a market cap of $7.14 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.90 and a beta of 1.56. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $459.11 million for the quarter, compared to the consensus estimate of $431.71 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. bought 4,000 shares of the stock in a transaction on Monday, June 8th. The stock was purchased at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the purchase, the director directly owned 13,000 shares in the company, valued at approximately $220,220. This trade represents a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the sale, the director directly owned 475,161 shares in the company, valued at $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 9.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on VNO. Weiss Ratings upgraded Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Barclays decreased their price target on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. BMO Capital Markets lifted their price target on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Truist Financial cut their price target on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Finally, Scotiabank increased their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and an average target price of $35.42.

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.