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

Thrivent Financial for Lutherans boosted its position in Vornado Realty Trust (NYSE:VNO) by 72.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,062 shares of the real estate investment trust’s stock after buying 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 SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S acquired a new stake in Vornado Realty Trust in the 3rd quarter valued at approximately $28,000. Farmers & Merchants Investments Inc. raised its position in Vornado Realty Trust by 512.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 718 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Vornado Realty Trust in the 3rd quarter valued at approximately $33,000. Westside Investment Management Inc. raised its position in Vornado Realty Trust by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 443 shares during the last quarter. Finally, BOKF NA raised its position in Vornado Realty Trust by 1,257.1% in the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,056 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 0.1%

NYSE:VNO opened at $32.00 on Tuesday. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.53. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The stock’s 50 day moving average price is $28.43 and its two-hundred day moving average price is $31.10. 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 posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 return on equity of 15.82% and a net margin of 43.99%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. Equities research analysts expect that Vornado Realty Trust will post 2.33 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its board 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 repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings lowered Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Mizuho lowered their price target on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. lowered their price target on Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. Finally, Citigroup boosted 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 investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.18.

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.