Nan Fung Trinity HK Ltd. Takes $3.26 Million Position in Vornado Realty Trust (NYSE:VNO)

Nan Fung Trinity HK Ltd. purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the first quarter, HoldingsChannel reports. The institutional investor purchased 88,100 shares of the real estate investment trust’s stock, valued at approximately $3,259,000.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Vornado Realty Trust in the 1st quarter worth approximately $2,151,000. Teacher Retirement System of Texas bought a new stake in Vornado Realty Trust in the 1st quarter worth approximately $876,000. Handelsbanken Fonder AB lifted its position in Vornado Realty Trust by 20.7% in the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust’s stock worth $1,898,000 after buying an additional 8,800 shares during the last quarter. GAMMA Investing LLC lifted its position in Vornado Realty Trust by 18.2% in the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 868 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in Vornado Realty Trust by 6.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock worth $9,321,000 after buying an additional 12,780 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Haim Chera sold 20,000 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the sale, the executive vice president directly owned 30,000 shares of the company’s stock, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Mizuho dropped their target price on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Scotiabank lifted their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, July 14th. Piper Sandler lifted their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Wall Street Zen raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Truist Financial lifted their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $38.09.

Vornado Realty Trust Price Performance

Shares of VNO stock opened at $38.97 on Tuesday. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 14.45 and a beta of 1.50. The business’s fifty day moving average is $38.85 and its 200 day moving average is $38.63. Vornado Realty Trust has a twelve month low of $26.19 and a twelve month high of $46.63. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $461.58 million for the quarter, compared to analysts’ expectations of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. Research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.