Quadrant Capital Group LLC Raises Holdings in Vornado Realty Trust $VNO

Quadrant Capital Group LLC raised its position in Vornado Realty Trust (NYSE:VNO) by 111.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,915 shares of the real estate investment trust’s stock after purchasing an additional 13,157 shares during the quarter. Quadrant Capital Group LLC’s holdings in Vornado Realty Trust were worth $953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VNO. Employees Retirement System of Texas boosted its holdings in Vornado Realty Trust by 5.7% in the 2nd quarter. Employees Retirement System of Texas now owns 37,000 shares of the real estate investment trust’s stock worth $1,415,000 after acquiring an additional 2,000 shares during the period. Elo Mutual Pension Insurance Co bought a new stake in shares of Vornado Realty Trust during the 2nd quarter valued at about $669,000. Waterloo Capital L.P. grew its position in shares of Vornado Realty Trust by 15.7% during the 2nd quarter. Waterloo Capital L.P. now owns 65,771 shares of the real estate investment trust’s stock valued at $2,515,000 after buying an additional 8,904 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Vornado Realty Trust by 125.8% during the 2nd quarter. Prudential Financial Inc. now owns 238,010 shares of the real estate investment trust’s stock worth $9,102,000 after purchasing an additional 132,625 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Vornado Realty Trust by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,754,069 shares of the real estate investment trust’s stock valued at $105,316,000 after buying an additional 55,976 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $36.82 on Monday. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $7.07 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.52. The firm’s fifty day simple moving average is $38.06 and its 200-day simple moving average is $38.56.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $453.70 million for the quarter, compared to the consensus estimate of $435.19 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Scotiabank cut their price objective on shares of Vornado Realty Trust from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target for the company in a research note on Monday, November 24th. Evercore ISI boosted their target price on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Barclays boosted their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Finally, Bank of America lowered their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and an average price target of $39.31.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.