Russell Wight Jr Acquires 4,000 Shares of Vornado Realty Trust (NYSE:VNO) Stock

Vornado Realty Trust (NYSE:VNO) Director Russell Wight, Jr. bought 4,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares in the company, valued at approximately $220,220. The trade was a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Vornado Realty Trust Stock Down 0.4%

Shares of NYSE VNO traded down $0.16 during mid-day trading on Wednesday, reaching $38.29. 2,086,243 shares of the company traded hands, compared to its average volume of 1,981,024. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. The stock has a market cap of $7.20 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.56. The company’s fifty day moving average is $30.35 and its two-hundred day moving average is $31.06. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The company had revenue of $459.11 million for the quarter, compared to analyst estimates 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 was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. On average, analysts expect that Vornado Realty Trust will post 2.34 earnings per share for the current year.

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

Institutional Trading of Vornado Realty Trust

Institutional investors have recently modified their holdings of the company. Danske Bank A S acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth approximately $28,000. Advisory Services Network LLC acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth approximately $33,000. Farmers & Merchants Investments Inc. grew 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 purchasing an additional 718 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $36,000. Finally, BOKF NA grew 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 purchasing an additional 1,056 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VNO shares. Citigroup increased their price objective on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. LADENBURG THALM/SH SH lifted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley lowered 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 note on Tuesday, March 31st. Finally, Scotiabank raised their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. 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. Based on data from MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $34.27.

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.