Point72 Asia Singapore Pte. Ltd. Makes New $48,000 Investment in Vornado Realty Trust (NYSE:VNO)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Vornado Realty Trust (NYSE:VNO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,819 shares of the real estate investment trust’s stock, valued at approximately $48,000.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Vornado Realty Trust by 3.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 386 shares in the last quarter. First National Bank Sioux Falls lifted its position in Vornado Realty Trust by 3.3% during the 1st quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 496 shares during the period. Retirement Systems of Alabama boosted its stake in Vornado Realty Trust by 0.3% during the first quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after acquiring an additional 527 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Vornado Realty Trust by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after acquiring an additional 531 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Vornado Realty Trust by 5.8% in the first quarter. Park Avenue Securities LLC now owns 10,036 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 553 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $39.40 on Tuesday. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average price of $33.34 and a 200-day moving average price of $28.64. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $39.91. The firm has a market capitalization of $7.50 billion, a PE ratio of 262.68 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last announced its 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 company had revenue of $450.27 million for the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. Vornado Realty Trust’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, equities research analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price target on Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. Bank of America increased their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Truist Financial lifted their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Scotiabank increased their price objective on shares of Vornado Realty Trust from $23.00 to $33.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.43.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.14% of the stock is owned by corporate insiders.

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.