Vornado Realty Trust $VNO Stock Bought by Private Management Group Inc.

Private Management Group Inc. lifted its stake in Vornado Realty Trust (NYSE:VNO) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,357,376 shares of the real estate investment trust’s stock after acquiring an additional 47,797 shares during the period. Vornado Realty Trust makes up 1.2% of Private Management Group Inc.’s portfolio, making the stock its 10th largest holding. Private Management Group Inc.’s holdings in Vornado Realty Trust were worth $45,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VNO. Parkside Financial Bank & Trust increased its position in Vornado Realty Trust by 67.5% during the second quarter. Parkside Financial Bank & Trust now owns 804 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 324 shares during the period. State of Michigan Retirement System boosted its holdings in Vornado Realty Trust by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the real estate investment trust’s stock valued at $1,001,000 after purchasing an additional 400 shares during the period. VestGen Advisors LLC boosted its holdings in Vornado Realty Trust by 5.7% in the 3rd quarter. VestGen Advisors LLC now owns 7,445 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 400 shares during the period. GAMMA Investing LLC boosted its holdings in Vornado Realty Trust by 9.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,567 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 463 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Vornado Realty Trust by 1.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 32,833 shares of the real estate investment trust’s stock worth $853,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Insider Activity

In other news, EVP Haim Chera sold 90,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $34.01, for a total value of $3,060,900.00. Following the completion of the transaction, the executive vice president owned 110,000 shares in the company, valued at approximately $3,741,100. This represents a 45.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.00% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO opened at $36.68 on Tuesday. The business has a fifty day simple moving average of $34.58 and a 200 day simple moving average of $33.46. The company has a current ratio of 4.44, a quick ratio of 5.24 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.71 and a beta of 1.62. Vornado Realty Trust has a one year low of $24.57 and a one year high of $41.60.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.89). The business had revenue of $467.66 million for the quarter, compared to analyst estimates of $477.39 million. Vornado Realty Trust had a return on equity of 0.19% and a net margin of 0.50%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Sell-side analysts expect that Vornado Realty Trust will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VNO shares. Weiss Ratings restated a “sell (d+)” rating on shares of Vornado Realty Trust in a report on Monday, November 2nd. Mizuho upped their price objective on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Piper Sandler reduced their target price on shares of Vornado Realty Trust from $44.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Truist Financial decreased their target price on Vornado Realty Trust from $39.00 to $35.00 and set a “hold” rating on the stock in a research report on Monday, September 21st. Finally, Barclays boosted their price target on Vornado Realty Trust from $29.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.91.

Vornado Realty Trust Profile

Vornado Realty Trust is a real estate investment trust focused primarily on owning, managing and redeveloping commercial properties. Its portfolio is concentrated in New York City, particularly Manhattan, and includes office buildings and retail properties.

The company has also held properties in other major U.S. markets, including Washington, DC, and San Francisco. Vornado’s activities include leasing space to businesses and retailers, operating its properties, and pursuing redevelopment projects to update and reposition its real estate.

Vornado is led by Steven Roth, its chairman and chief executive officer.