Vornado Realty Trust $VNO Shares Sold by Prospect Financial Services LLC

Prospect Financial Services LLC lessened its position in shares of Vornado Realty Trust (NYSE:VNO) by 28.8% during the 1st quarter, Holdings Channel reports. The firm owned 70,214 shares of the real estate investment trust’s stock after selling 28,456 shares during the quarter. Vornado Realty Trust comprises 1.1% of Prospect Financial Services LLC’s portfolio, making the stock its 26th largest holding. Prospect Financial Services LLC’s holdings in Vornado Realty Trust were worth $1,825,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VNO. Pictet Asset Management Holding SA lifted its holdings in shares of Vornado Realty Trust by 5.7% during the first quarter. Pictet Asset Management Holding SA now owns 27,579 shares of the real estate investment trust’s stock worth $717,000 after purchasing an additional 1,495 shares during the period. Louisiana State Employees Retirement System acquired a new position in Vornado Realty Trust in the 1st quarter worth approximately $1,206,000. Vanderbilt University purchased a new position in Vornado Realty Trust during the 1st quarter worth approximately $472,000. First National Bank Sioux Falls raised its position in Vornado Realty Trust by 74.6% during the 1st quarter. First National Bank Sioux Falls now owns 28,300 shares of the real estate investment trust’s stock worth $803,000 after buying an additional 12,090 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Vornado Realty Trust by 376.3% during the 1st quarter. SG Americas Securities LLC now owns 349,468 shares of the real estate investment trust’s stock worth $9,083,000 after buying an additional 276,104 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Up 1.9%

Vornado Realty Trust stock opened at $40.06 on Thursday. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37. The stock’s 50 day simple moving average is $33.98 and its two-hundred day simple moving average is $31.38. The firm has a market cap of $7.54 billion, a PE ratio of 11.01, a P/E/G ratio of 1.98 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.Vornado Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. Analysts anticipate that Vornado Realty Trust will post 2.34 earnings per share for the current year.

Vornado Realty Trust announced that its board has approved a share buyback plan on Wednesday, April 29th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Michael D. Fascitelli sold 133,350 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the sale, the director owned 475,161 shares in the company, valued at approximately $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the transaction, the director owned 13,000 shares of the company’s stock, valued at $220,220. This trade represents a 44.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VNO. Scotiabank upped their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. LADENBURG THALM/SH SH boosted their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price target on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Citigroup increased their price target on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.33.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.