1,819 Shares in Vornado Realty Trust (NYSE:VNO) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in Vornado Realty Trust (NYSE:VNO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,819 shares of the real estate investment trust’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VNO. Pinebridge Investments L.P. purchased a new stake in Vornado Realty Trust in the 4th quarter worth approximately $2,320,000. Nixon Capital LLC grew its holdings in Vornado Realty Trust by 20.0% during the 4th quarter. Nixon Capital LLC now owns 412,747 shares of the real estate investment trust’s stock valued at $11,660,000 after buying an additional 68,725 shares in the last quarter. Nomura Holdings Inc. grew its holdings in Vornado Realty Trust by 2,410.2% during the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock valued at $27,488,000 after buying an additional 934,271 shares in the last quarter. Putnam Investments LLC grew its holdings in Vornado Realty Trust by 3.0% during the 4th quarter. Putnam Investments LLC now owns 9,978,649 shares of the real estate investment trust’s stock valued at $281,897,000 after buying an additional 288,952 shares in the last quarter. Finally, Clear Street Markets LLC purchased a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $147,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNO has been the subject of a number of research analyst reports. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Evercore ISI increased their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Compass Point increased their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Truist Financial increased their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Bank of America increased their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.43.

Insider Buying and Selling

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the sale, the director now directly owns 3,034 shares in the company, valued at $85,528.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.14% of the stock is owned by corporate insiders.

Vornado Realty Trust Stock Down 0.2 %

NYSE VNO opened at $39.34 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The company has a market capitalization of $7.49 billion, a P/E ratio of 262.27 and a beta of 1.65. Vornado Realty Trust has a one year low of $18.36 and a one year high of $40.37. The stock has a 50 day moving average price of $34.40 and a 200-day moving average price of $29.10.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The company had revenue of $450.27 million during the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. As a group, equities analysts predict that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

About Vornado Realty Trust

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.