Thrivent Financial for Lutherans Has $2.13 Million Position in Vornado Realty Trust $VNO

Thrivent Financial for Lutherans increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 72.9% during the fourth quarter, Holdings Channel reports. The fund owned 64,062 shares of the real estate investment trust’s stock after acquiring an additional 27,001 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vornado Realty Trust were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in VNO. Danske Bank A S acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth approximately $28,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 718 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth approximately $33,000. Westside Investment Management Inc. increased its holdings in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 443 shares during the last quarter. Finally, BOKF NA increased 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 worth $46,000 after acquiring an additional 1,056 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of recent analyst reports. Mizuho decreased their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Piper Sandler decreased their target price on Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Truist Financial decreased their target price on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Scotiabank boosted their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, May 21st. Finally, Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $34.18.

Vornado Realty Trust Stock Performance

VNO opened at $32.00 on Tuesday. The business has a fifty day simple moving average of $28.43 and a 200 day simple moving average of $31.10. The company has a market capitalization of $6.02 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.62 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. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14.

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

Vornado Realty Trust announced that its board has initiated a stock buyback plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Vornado Realty Trust 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.