Odyssean LLC Makes New Investment in Vornado Realty Trust $VNO

Odyssean LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 77,680 shares of the real estate investment trust’s stock, valued at approximately $3,053,000.

Several other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at $579,709,000. Resolution Capital Ltd raised its position in shares of Vornado Realty Trust by 34.1% in the first quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust’s stock worth $193,885,000 after buying an additional 1,895,846 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Vornado Realty Trust by 21.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock valued at $301,300,000 after buying an additional 1,598,643 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vornado Realty Trust by 393,598.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,051,175 shares of the real estate investment trust’s stock valued at $34,983,000 after buying an additional 1,050,908 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Vornado Realty Trust by 129.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,398,378 shares of the real estate investment trust’s stock worth $36,344,000 after buying an additional 788,067 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VNO has been the topic of a number of research analyst reports. Weiss Ratings lowered Vornado Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. UBS Group lowered Vornado Realty Trust to an “underweight” rating in a report on Wednesday, July 22nd. LADENBURG THALM/SH SH upped their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Barclays raised their target price on shares of Vornado Realty Trust from $29.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $39.82.

Vornado Realty Trust Stock Up 2.7%

Shares of NYSE:VNO opened at $39.93 on Wednesday. The firm has a market capitalization of $7.46 billion, a PE ratio of 1,997.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 5.24 and a current ratio of 5.24. Vornado Realty Trust has a 52-week low of $24.57 and a 52-week high of $43.37. The firm has a fifty day moving average of $39.13 and a 200 day moving average of $33.08.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The firm had revenue of $462.24 million for the quarter, compared to analysts’ expectations of $454.46 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Vornado Realty Trust will post 2.35 EPS for the current fiscal year.

Vornado Realty Trust announced that its Board of Directors has authorized a share buyback program on Wednesday, April 29th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Russell B. Wight, Jr. acquired 4,000 shares of Vornado Realty Trust stock in a transaction dated Monday, June 8th. The shares were purchased at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the transaction, the director owned 13,000 shares of the company’s stock, valued at $220,220. This trade represents a 44.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the transaction, the director directly owned 475,161 shares in the company, valued at approximately $17,400,395.82. This represents a 21.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.00% of the stock is currently owned by corporate insiders.

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.