Vornado Realty Trust $VNO Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 17,863.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,921 shares of the real estate investment trust’s stock after purchasing an additional 28,760 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Vornado Realty Trust were worth $962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNO. Danske Bank A S acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth about $28,000. Farmers & Merchants Investments Inc. increased its position in shares of Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 718 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth about $33,000. Westside Investment Management Inc. increased its position in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 443 shares during the last quarter. Finally, BOKF NA increased its position in shares of Vornado Realty Trust by 1,257.1% during the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,056 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on VNO shares. Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. cut their price objective on Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Scotiabank raised their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Weiss Ratings downgraded Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Truist Financial dropped their target price on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.18.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $33.33 on Thursday. The company has a market cap of $6.27 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.65 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. The stock has a 50-day moving average of $28.72 and a two-hundred day moving average of $31.06. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37.

Vornado Realty Trust (NYSE:VNO) last released 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 firm 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 was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. As a group, analysts anticipate that Vornado Realty Trust will post 2.33 EPS for the current year.

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

Vornado Realty Trust Company 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.