AlphaQuest LLC Buys New Shares in Vornado Realty Trust $VNO

AlphaQuest LLC bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,352 shares of the real estate investment trust’s stock, valued at approximately $931,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Twin Tree Management LP lifted its position in Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 38,585 shares in the last quarter. Assetmark Inc. lifted its position in Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 347 shares in the last quarter. Bfsg LLC lifted its position in Vornado Realty Trust by 14.4% during the second quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 600 shares in the last quarter. Yoffe Investment Management LLC purchased a new position in Vornado Realty Trust during the second quarter valued at $202,000. Finally, Sowell Financial Services LLC purchased a new position in Vornado Realty Trust during the second quarter valued at $207,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of recent analyst reports. Citigroup raised Vornado Realty Trust from a “sell” rating to a “neutral” rating and raised their price target for the company from $34.00 to $42.00 in a report on Friday, September 12th. Barclays raised their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Evercore ISI lifted their target price on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vornado Realty Trust in a report on Friday. Finally, Scotiabank reduced their target price on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.42.

Insider Buying and Selling

In related news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.42% of the company’s stock.

Vornado Realty Trust Trading Up 0.1%

VNO opened at $39.37 on Monday. The firm has a market cap of $7.56 billion, a P/E ratio of 9.74, a P/E/G ratio of 4.78 and a beta of 1.59. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average of $39.74 and a 200 day moving average of $38.55.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. As a group, research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Profile

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