Lodge Hill Capital LLC Buys New Stake in Vornado Realty Trust $VNO

Lodge Hill Capital LLC bought a new position in shares of Vornado Realty Trust (NYSE:VNO) in the first quarter, HoldingsChannel.com reports. The firm bought 425,000 shares of the real estate investment trust’s stock, valued at approximately $11,046,000. Vornado Realty Trust comprises about 1.6% of Lodge Hill Capital LLC’s portfolio, making the stock its 21st largest position.

A number of other hedge funds also recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth about $28,000. Advisory Services Network LLC bought a new position in Vornado Realty Trust in the 3rd quarter worth approximately $33,000. Farmers & Merchants Investments Inc. increased 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 worth $29,000 after buying an additional 718 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Vornado Realty Trust in the fourth quarter worth $36,000. Finally, BOKF NA increased its position in Vornado Realty Trust by 1,257.1% during the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,056 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were 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 of the company’s stock, valued at approximately $17,400,395.82. This represents a 21.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Russell B. Wight, Jr. acquired 4,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were purchased at an average cost of $16.94 per share, with a total value of $67,760.00. Following the acquisition, the director owned 13,000 shares of the company’s stock, valued at approximately $220,220. This represents a 44.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on VNO shares. UBS Group downgraded shares of Vornado Realty Trust to an “underweight” rating in a report on Wednesday, July 22nd. Barclays upped their price objective on shares of Vornado Realty Trust from $29.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Truist Financial raised their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.17.

Vornado Realty Trust Stock Up 1.3%

NYSE VNO opened at $40.58 on Thursday. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 2.02 and a beta of 1.53. The stock’s 50 day moving average is $37.61 and its two-hundred day moving average is $32.19. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54.

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 (EPS) 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 $431.71 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 previous year, the company posted $0.63 earnings per share. Equities 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 approved a stock repurchase program on Wednesday, April 29th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are 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.