Nan Fung Trinity HK Ltd. Grows Position in Vornado Realty Trust $VNO

Nan Fung Trinity HK Ltd. raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 46.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,800 shares of the real estate investment trust’s stock after purchasing an additional 45,700 shares during the quarter. Nan Fung Trinity HK Ltd.’s holdings in Vornado Realty Trust were worth $4,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in VNO. Resolution Capital Ltd purchased a new stake in Vornado Realty Trust during the second quarter valued at about $49,565,000. GRS Advisors LLC bought a new stake in shares of Vornado Realty Trust during the third quarter valued at about $32,082,000. Candriam S.C.A. increased its position in shares of Vornado Realty Trust by 173.8% during the third quarter. Candriam S.C.A. now owns 785,413 shares of the real estate investment trust’s stock valued at $31,833,000 after buying an additional 498,564 shares during the period. Sei Investments Co. increased its position in shares of Vornado Realty Trust by 44.9% during the second quarter. Sei Investments Co. now owns 1,067,333 shares of the real estate investment trust’s stock valued at $40,815,000 after buying an additional 330,942 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Vornado Realty Trust by 2.3% during the third quarter. Franklin Resources Inc. now owns 12,309,059 shares of the real estate investment trust’s stock valued at $498,886,000 after buying an additional 274,313 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 0.3%

VNO stock opened at $32.15 on Friday. The company has a current ratio of 6.14, a quick ratio of 5.25 and a debt-to-equity ratio of 1.54. The company’s 50 day moving average is $27.51 and its 200 day moving average is $31.70. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.75 and a beta of 1.53. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share 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 the consensus estimate of $431.72 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. Sell-side analysts predict that Vornado Realty Trust will post 2.33 EPS for the current fiscal year.

Vornado Realty Trust declared that its board has authorized 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VNO shares. Weiss Ratings cut Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Piper Sandler decreased their price target on Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Scotiabank decreased their price target on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Barclays decreased their price target on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $34.09.

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.