Mangrove Partners IM LLC Buys New Shares in Vornado Realty Trust $VNO

Mangrove Partners IM LLC bought a new position in shares of Vornado Realty Trust (NYSE:VNO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,366 shares of the real estate investment trust’s stock, valued at approximately $906,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC increased its stake in shares of Vornado Realty Trust by 1.4% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,172,261 shares of the real estate investment trust’s stock valued at $128,572,000 after acquiring an additional 42,323 shares during the last quarter. Norges Bank acquired a new stake in shares of Vornado Realty Trust in the second quarter worth approximately $665,094,000. American Century Companies Inc. boosted its position in shares of Vornado Realty Trust by 12.8% in the second quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust’s stock worth $16,972,000 after acquiring an additional 50,285 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 55,976 shares during the period. Finally, Vestcor Inc purchased a new stake in Vornado Realty Trust in the third quarter valued at approximately $4,572,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Down 0.4%

NYSE VNO opened at $25.92 on Friday. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 1.39 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. Vornado Realty Trust has a one year low of $25.28 and a one year high of $43.37. The company’s 50 day moving average price is $30.54 and its 200 day moving average price is $35.07.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The business had revenue of $453.71 million for the quarter, compared to analysts’ expectations of $440.23 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Vornado Realty Trust’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on VNO shares. Piper Sandler cut their price target on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Scotiabank lowered their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Mizuho cut their target price 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. Finally, JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price on the stock in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.90.

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.