Intech Investment Management LLC Has $589,000 Holdings in Vornado Realty Trust $VNO

Intech Investment Management LLC cut its stake in Vornado Realty Trust (NYSE:VNO) by 59.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,703 shares of the real estate investment trust’s stock after selling 25,932 shares during the period. Intech Investment Management LLC’s holdings in Vornado Realty Trust were worth $589,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of Vornado Realty Trust by 4.8% in the 4th quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 351 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Vornado Realty Trust by 2.0% in the 4th quarter. Signaturefd LLC now owns 19,976 shares of the real estate investment trust’s stock worth $665,000 after buying an additional 389 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Vornado Realty Trust by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust’s stock worth $1,504,000 after buying an additional 391 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Vornado Realty Trust by 15.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,976 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 400 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Vornado Realty Trust by 4.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,193 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 450 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VNO. Mizuho dropped their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. JPMorgan Chase & Co. increased their target price on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Truist Financial decreased their price target on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. Finally, Citigroup increased their price target on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.55.

Vornado Realty Trust Stock Up 6.3%

NYSE VNO opened at $38.49 on Wednesday. The firm has a market cap of $7.24 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.83 and a beta of 1.56. Vornado Realty Trust has a one year low of $24.57 and a one year high of $43.37. The stock’s 50 day simple moving average is $30.35 and its 200 day simple moving average is $31.06. 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The business had revenue of $459.11 million for 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 was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

Vornado Realty Trust announced that its board has approved a share buyback 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 repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are 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.