Mangrove Partners IM LLC Acquires Shares of 22,366 Vornado Realty Trust $VNO

Mangrove Partners IM LLC acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,366 shares of the real estate investment trust’s stock, valued at approximately $906,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of Vornado Realty Trust by 100.0% in the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 443 shares during the period. Quent Capital LLC purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at about $39,000. BOKF NA raised its holdings in shares of Vornado Realty Trust by 1,257.1% during the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,056 shares during the period. Spire Wealth Management lifted its position in Vornado Realty Trust by 19.6% during the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 275 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Vornado Realty Trust by 238.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 1,443 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 0.4%

NYSE:VNO opened at $25.92 on Friday. The company has a market cap of $4.94 billion, a PE ratio of 6.19, a P/E/G ratio of 1.39 and a beta of 1.53. The business’s 50 day moving average is $30.54 and its two-hundred day moving average is $35.07. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. Vornado Realty Trust has a 52 week low of $25.28 and a 52 week high of $43.37.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $453.71 million during the quarter, compared to the consensus estimate of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. Vornado Realty Trust’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on VNO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Wall Street Zen cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Mizuho decreased their target price on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Monday, November 24th. Finally, Barclays dropped their price target on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.90.

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.