Private Management Group Inc. Boosts Stake in Vornado Realty Trust $VNO

Private Management Group Inc. boosted its stake in Vornado Realty Trust (NYSE:VNO) by 24.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 959,086 shares of the real estate investment trust’s stock after buying an additional 186,734 shares during the quarter. Private Management Group Inc.’s holdings in Vornado Realty Trust were worth $31,918,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VNO. Norges Bank purchased a new stake in Vornado Realty Trust in the 4th quarter valued at approximately $579,709,000. Resolution Capital Ltd purchased a new stake in Vornado Realty Trust in the 2nd quarter valued at approximately $49,565,000. GRS Advisors LLC purchased a new stake in Vornado Realty Trust in the 3rd quarter valued at approximately $32,082,000. Sei Investments Co. lifted its stake in Vornado Realty Trust by 44.9% in the 2nd 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 in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Vornado Realty Trust by 2.3% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. purchased 4,000 shares of Vornado Realty Trust stock in a transaction on Monday, June 8th. The shares were bought at an average price of $16.94 per share, with a total value of $67,760.00. Following the purchase, the director directly owned 13,000 shares in the company, valued at $220,220. This trade represents a 44.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VNO has been the topic of a number of recent research reports. Mizuho reduced their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Piper Sandler reduced their target price on Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. upped their target price on Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. LADENBURG THALM/SH SH upped their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Scotiabank upped their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company 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 given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.27.

Vornado Realty Trust Trading Up 1.7%

Shares of Vornado Realty Trust stock opened at $38.92 on Friday. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The firm has a market cap of $7.32 billion, a PE ratio of 10.69, a P/E/G ratio of 1.93 and a beta of 1.56. The business’s fifty day moving average is $30.87 and its two-hundred day moving average is $31.13. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The business had revenue of $459.11 million for the quarter, compared to analysts’ expectations of $431.72 million. During the same period in the prior year, the company earned $0.63 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts anticipate 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 authorized a share repurchase program on Wednesday, April 29th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.