Advisors Preferred LLC Makes New $2.10 Million Investment in Vornado Realty Trust $VNO

Advisors Preferred LLC purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) in the first quarter, HoldingsChannel reports. The institutional investor purchased 80,863 shares of the real estate investment trust’s stock, valued at approximately $2,102,000.

Several other hedge funds also recently modified their holdings of the business. Louisiana State Employees Retirement System bought a new position in Vornado Realty Trust during the first quarter worth $1,206,000. Legal & General Group Plc boosted its holdings in Vornado Realty Trust by 9.1% in the 4th quarter. Legal & General Group Plc now owns 1,789,601 shares of the real estate investment trust’s stock valued at $59,558,000 after purchasing an additional 149,598 shares during the period. Pacific Heights Asset Management LLC grew its position in Vornado Realty Trust by 75.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock worth $11,648,000 after purchasing an additional 150,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Vornado Realty Trust by 24,536.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 62,824 shares of the real estate investment trust’s stock worth $2,091,000 after purchasing an additional 62,569 shares during the last quarter. Finally, Private Management Group Inc. increased its holdings in shares of Vornado Realty Trust by 24.2% during the 4th quarter. Private Management Group Inc. now owns 959,086 shares of the real estate investment trust’s stock worth $31,918,000 after purchasing an additional 186,734 shares during the period. 90.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VNO. JPMorgan Chase & Co. upped their price objective on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Citigroup lifted their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets boosted their price target on Vornado Realty Trust from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Morgan Stanley cut their price target on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Finally, LADENBURG THALM/SH SH raised their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.33.

Insider Activity at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the purchase, the director directly owned 13,000 shares in the company, valued at $220,220. This represents a 44.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director directly owned 475,161 shares in the company, valued at approximately $17,400,395.82. This represents a 21.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.00% of the company’s stock.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $39.12 on Wednesday. The company has a 50-day moving average of $35.72 and a 200-day moving average of $31.71. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.93 and a beta of 1.53. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. Vornado Realty Trust’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

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

Vornado Realty Trust Profile

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.