Squarepoint Ops LLC Boosts Stock Position in Vornado Realty Trust $VNO

Squarepoint Ops LLC boosted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 65.9% in the second quarter, Holdings Channel reports. The fund owned 133,928 shares of the real estate investment trust’s stock after purchasing an additional 53,208 shares during the period. Squarepoint Ops LLC’s holdings in Vornado Realty Trust were worth $5,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of VNO. Danske Bank A S purchased a new stake in shares of Vornado Realty Trust during the third quarter worth approximately $28,000. Essential Partners LLC grew its position in Vornado Realty Trust by 186.9% in the 1st quarter. Essential Partners LLC now owns 1,182 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 770 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Vornado Realty Trust by 67.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 804 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 324 shares during the last quarter. Advisory Services Network LLC acquired a new position in Vornado Realty Trust in the 3rd quarter valued at $33,000. Finally, Employees Retirement System of Texas acquired a new position in Vornado Realty Trust in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Insider Buying and Selling at Vornado Realty Trust

In other news, Director Michael Fascitelli sold 133,350 shares of the firm’s 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VNO has been the subject of several recent analyst reports. UBS Group cut shares of Vornado Realty Trust to an “underweight” rating in a research note on Wednesday, July 22nd. Citigroup boosted their price target on shares of Vornado Realty Trust from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Piper Sandler raised their price objective on shares of Vornado Realty Trust from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Mizuho lifted their price objective on Vornado Realty Trust from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Finally, Scotiabank boosted their target price on Vornado Realty Trust from $40.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 2nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.91.

Vornado Realty Trust Stock Up 3.2%

Shares of NYSE VNO opened at $35.46 on Friday. The firm’s 50-day moving average is $38.60 and its two-hundred day moving average is $33.65. The company has a market capitalization of $6.62 billion, a PE ratio of 1,774.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a current ratio of 5.24 and a quick ratio of 5.24. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). The company had revenue of $462.24 million during the quarter, compared to analyst estimates of $454.46 million. Vornado Realty Trust had a return on equity of 1.37% and a net margin of 3.71%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. Equities analysts anticipate that Vornado Realty Trust will post 2.36 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a publicly traded real estate investment trust that owns, manages and develops office, retail and mixed-use properties. The company’s portfolio is concentrated in New York City, particularly in Manhattan, where it operates prominent office buildings and retail destinations in major commercial districts.

Vornado’s activities include leasing office space to businesses, operating retail properties, managing building services and pursuing redevelopment opportunities.