Geode Capital Management LLC Has $111.66 Million Stake in Vornado Realty Trust $VNO

Geode Capital Management LLC grew its stake in Vornado Realty Trust (NYSE:VNO) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,354,542 shares of the real estate investment trust’s stock after purchasing an additional 77,754 shares during the period. Geode Capital Management LLC owned about 1.75% of Vornado Realty Trust worth $111,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Danske Bank A S bought a new position in shares of Vornado Realty Trust during the 3rd quarter worth about $28,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 718 shares during the period. Advisory Services Network LLC bought a new position in shares of Vornado Realty Trust during the 3rd quarter worth about $33,000. Employees Retirement System of Texas bought a new position in shares of Vornado Realty Trust during the 4th quarter worth about $36,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 443 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VNO has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. raised their price objective on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley reduced their price objective on shares of Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Finally, Citigroup raised their price objective on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.55.

Vornado Realty Trust Trading Up 1.0%

Shares of VNO stock opened at $35.26 on Friday. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37. The company has a market capitalization of $6.63 billion, a P/E ratio of 9.69, a P/E/G ratio of 1.76 and a beta of 1.56. The firm has a 50-day moving average price of $29.86 and a 200 day moving average price of $31.02. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm had revenue of $459.11 million for the quarter, compared to the consensus estimate of $431.72 million. During the same period in the prior year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts forecast that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 29th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is 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.