1832 Asset Management L.P. Invests $4.16 Million in Vornado Realty Trust $VNO

1832 Asset Management L.P. bought a new stake in Vornado Realty Trust (NYSE:VNO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 108,800 shares of the real estate investment trust’s stock, valued at approximately $4,161,000.

Several other hedge funds have also bought and sold shares of the company. US Bancorp DE lifted its position in Vornado Realty Trust by 1.3% during the second quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after acquiring an additional 259 shares during the last quarter. Norges Bank acquired a new position in shares of Vornado Realty Trust in the second quarter valued at approximately $665,094,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Vornado Realty Trust by 48.0% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock valued at $55,044,000 after purchasing an additional 466,621 shares during the last quarter. Truist Financial Corp increased its stake in shares of Vornado Realty Trust by 18.8% during the second quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 1,214 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Vornado Realty Trust during the 1st quarter worth approximately $3,341,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO opened at $34.82 on Friday. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.52. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47. The company has a debt-to-equity ratio of 1.42, a current ratio of 5.58 and a quick ratio of 5.58. The company’s 50 day simple moving average is $37.55 and its 200 day simple moving average is $38.45.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a return on equity of 19.48% and a net margin of 49.91%.The firm had revenue of $453.70 million for the quarter, compared to the consensus estimate of $435.19 million. During the same quarter last year, the business posted $0.52 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

VNO has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a report on Thursday. Bank of America decreased their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Barclays boosted their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price on the stock in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.31.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.