Knights of Columbus Asset Advisors LLC Purchases Shares of 39,933 Vornado Realty Trust $VNO

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 39,933 shares of the real estate investment trust’s stock, valued at approximately $1,329,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VNO. Danske Bank A S purchased a new stake in Vornado Realty Trust during the 3rd quarter valued at about $28,000. Farmers & Merchants Investments Inc. increased its stake in Vornado Realty Trust by 512.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 718 shares during the period. Advisory Services Network LLC purchased a new position in Vornado Realty Trust in the 3rd quarter worth approximately $33,000. Employees Retirement System of Texas bought a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $36,000. Finally, Westside Investment Management Inc. boosted its stake in shares of Vornado Realty Trust by 100.0% during the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares during the period. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Up 1.7%

Shares of NYSE VNO opened at $33.87 on Friday. Vornado Realty Trust has a 1 year low of $24.57 and a 1 year high of $43.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. The firm has a 50-day moving average of $28.88 and a 200 day moving average of $31.04. The stock has a market cap of $6.37 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 1.68 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The business had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.72 million. During the same quarter last year, the company posted $0.63 EPS. Vornado Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.33 EPS for the current fiscal year.

Vornado Realty Trust announced that its board has approved a stock buyback program on Wednesday, April 29th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on VNO. Morgan Stanley decreased their price objective on shares of Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Piper Sandler lowered their price target on Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Truist Financial dropped their price objective on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. Mizuho reduced their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Finally, Barclays dropped their price target on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.55.

About Vornado Realty Trust

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.