Vornado Realty Trust (NYSE:VNO) Shares Bought by Masters Capital Management LLC

Masters Capital Management LLC grew its position in Vornado Realty Trust (NYSE:VNO) by 138.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,000 shares of the real estate investment trust’s stock after purchasing an additional 290,000 shares during the period. Masters Capital Management LLC owned approximately 0.26% of Vornado Realty Trust worth $13,145,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in Vornado Realty Trust in the first quarter valued at about $55,000. EverSource Wealth Advisors LLC raised its holdings in shares of Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,018 shares during the period. GAMMA Investing LLC lifted its position in Vornado Realty Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 750 shares in the last quarter. Clear Street Markets LLC purchased a new position in Vornado Realty Trust in the 4th quarter worth approximately $147,000. Finally, Hilltop National Bank acquired a new stake in Vornado Realty Trust in the first quarter valued at approximately $159,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $39.12 on Tuesday. The stock has a market capitalization of $7.45 billion, a PE ratio of 260.80 and a beta of 1.65. The business’s fifty day moving average price is $32.56 and its 200 day moving average price is $28.27. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $39.91.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business had revenue of $450.27 million during the quarter, compared to the consensus estimate of $439.28 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that Vornado Realty Trust will post 2.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on VNO shares. Bank of America boosted their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Scotiabank raised their target price on Vornado Realty Trust from $23.00 to $33.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 4th. Compass Point lifted their target price on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group increased their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $30.43.

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total transaction of $56,380.00. Following the completion of the transaction, the director now owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.14% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.