Leonteq Securities AG Boosts Stake in Vornado Realty Trust $VNO

Leonteq Securities AG grew its holdings in Vornado Realty Trust (NYSE:VNO) by 23,959.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,285 shares of the real estate investment trust’s stock after purchasing an additional 18,209 shares during the period. Leonteq Securities AG’s holdings in Vornado Realty Trust were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lighthouse Investment Partners LLC boosted its stake in Vornado Realty Trust by 20.9% during the third quarter. Lighthouse Investment Partners LLC now owns 260,000 shares of the real estate investment trust’s stock worth $10,538,000 after buying an additional 45,000 shares during the period. Private Management Group Inc. increased its position in shares of Vornado Realty Trust by 19.5% during the third quarter. Private Management Group Inc. now owns 772,352 shares of the real estate investment trust’s stock valued at $31,303,000 after acquiring an additional 126,242 shares during the last quarter. Vestcor Inc purchased a new stake in shares of Vornado Realty Trust in the 3rd quarter valued at approximately $4,572,000. Legal & General Group Plc raised its stake in shares of Vornado Realty Trust by 9.1% in the 4th quarter. Legal & General Group Plc now owns 1,789,601 shares of the real estate investment trust’s stock valued at $59,558,000 after acquiring an additional 149,598 shares during the period. Finally, Pacific Heights Asset Management LLC lifted its holdings in shares of Vornado Realty Trust by 75.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock worth $11,648,000 after acquiring an additional 150,000 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Russell B. Wight, Jr. purchased 4,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were bought at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the acquisition, the director directly owned 13,000 shares in the company, valued at $220,220. This trade represents a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director directly owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.00% of the stock is owned by corporate insiders.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $40.52 on Friday. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company has a fifty day simple moving average of $34.44 and a two-hundred day simple moving average of $31.48. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data 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). The company had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, equities analysts anticipate 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 share repurchase program on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. LADENBURG THALM/SH SH boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Scotiabank upped their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. raised their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Truist Financial lifted their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.33.

Vornado Realty Trust 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.