Resolution Capital Ltd Purchases 1,895,846 Shares of Vornado Realty Trust $VNO

Resolution Capital Ltd raised its holdings in Vornado Realty Trust (NYSE:VNO) by 34.1% in the 1st quarter, HoldingsChannel reports. The fund owned 7,459,981 shares of the real estate investment trust’s stock after acquiring an additional 1,895,846 shares during the period. Vornado Realty Trust makes up 4.1% of Resolution Capital Ltd’s investment portfolio, making the stock its 9th largest position. Resolution Capital Ltd’s holdings in Vornado Realty Trust were worth $193,885,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth about $579,709,000. Franklin Resources Inc. grew its stake in shares of Vornado Realty Trust by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock valued at $416,139,000 after buying an additional 195,111 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Vornado Realty Trust by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after buying an additional 1,598,643 shares during the last quarter. State Street Corp increased its holdings in shares of Vornado Realty Trust by 0.5% during the 2nd quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after buying an additional 39,767 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Vornado Realty Trust by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 6,044,708 shares of the real estate investment trust’s stock worth $201,168,000 after buying an additional 243,905 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Insider Transactions at Vornado Realty Trust

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

Vornado Realty Trust Stock Up 1.6%

Shares of Vornado Realty Trust stock opened at $40.15 on Wednesday. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. The company has a fifty day moving average price of $37.43 and a 200 day moving average price of $32.15.

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

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VNO. Citigroup boosted their price target on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Truist Financial raised their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Mizuho boosted their target price on Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Scotiabank increased their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Finally, UBS Group lowered shares of Vornado Realty Trust to an “underweight” rating in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.17.

Vornado Realty Trust Company 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.