Pacer Advisors Inc. Sells 1,478,726 Shares of Vornado Realty Trust $VNO

Pacer Advisors Inc. reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 98.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,570 shares of the real estate investment trust’s stock after selling 1,478,726 shares during the period. Pacer Advisors Inc.’s holdings in Vornado Realty Trust were worth $483,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VNO. Parallel Advisors LLC grew its holdings in Vornado Realty Trust by 22.9% in the first quarter. Parallel Advisors LLC now owns 11,232 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 2,090 shares during the period. Essential Partners LLC increased its stake in shares of Vornado Realty Trust by 186.9% during the first quarter. Essential Partners LLC now owns 1,182 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 770 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Vornado Realty Trust by 5.7% during the first quarter. Bank of America Corp DE now owns 1,266,476 shares of the real estate investment trust’s stock valued at $32,916,000 after purchasing an additional 68,267 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Vornado Realty Trust during the first quarter valued at approximately $373,000. Finally, Lodge Hill Capital LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth approximately $11,046,000. Institutional investors own 90.02% of the company’s stock.

Insider Buying and Selling at Vornado Realty Trust

In other news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the transaction, the director owned 475,161 shares in the company, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the completion of 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 ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 9.00% of the company’s stock.

Vornado Realty Trust Trading Down 0.2%

Shares of NYSE VNO opened at $38.83 on Wednesday. The firm’s 50 day moving average price is $38.79 and its 200-day moving average price is $32.57. 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 1.56, a quick ratio of 5.24 and a current ratio of 5.24. The company has a market cap of $7.25 billion, a PE ratio of 1,942.52, a P/E/G ratio of 1.96 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The firm had revenue of $462.24 million for the quarter, compared to the consensus estimate of $454.46 million. During the same period last year, the business earned $0.56 EPS. Vornado Realty Trust’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several analysts recently weighed in on VNO shares. Truist Financial upped their price target on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. UBS Group cut Vornado Realty Trust to an “underweight” rating in a research note on Wednesday, July 22nd. Citigroup boosted their target price on Vornado Realty Trust from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. increased their target price on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings downgraded Vornado Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.83.

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.