Ariadne Wealth Management LP Acquires Shares of 8,753 Vornado Realty Trust (NYSE:VNO)

Ariadne Wealth Management LP bought a new stake in Vornado Realty Trust (NYSE:VNO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,753 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other large investors have also recently modified their holdings of VNO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vornado Realty Trust during the 2nd quarter worth $48,000. Fidelis Capital Partners LLC acquired a new stake in shares of Vornado Realty Trust in the 1st quarter valued at approximately $55,000. EverSource Wealth Advisors LLC boosted its stake in shares of Vornado Realty Trust by 61.0% in 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 purchasing an additional 1,018 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Vornado Realty Trust by 98.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,972 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 2,465 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Trading Up 1.3 %

NYSE:VNO opened at $39.40 on Tuesday. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $39.91. The firm’s fifty day moving average is $33.34 and its 200-day moving average is $28.64. The firm has a market cap of $7.50 billion, a P/E ratio of 262.68 and a beta of 1.65. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The business had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. Equities analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VNO. Bank of America raised their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Piper Sandler upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $22.00 to $30.00 in a research report on Thursday, August 8th. Evercore ISI increased their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank boosted their price target on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Four investment 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.43.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the 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 transaction, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.14% of the stock is currently owned by corporate insiders.

Vornado Realty Trust 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.