Aew Capital Management L P Sells 201,580 Shares of Vornado Realty Trust $VNO

Aew Capital Management L P reduced its position in Vornado Realty Trust (NYSE:VNO) by 93.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,980 shares of the real estate investment trust’s stock after selling 201,580 shares during the period. Vornado Realty Trust accounts for 0.0% of Aew Capital Management L P’s portfolio, making the stock its 29th biggest position. Aew Capital Management L P’s holdings in Vornado Realty Trust were worth $465,000 as of its most recent SEC filing.

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

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $31.59 on Thursday. The business’s fifty day simple moving average is $28.09 and its 200-day simple moving average is $31.21. The company has a market cap of $5.94 billion, a PE ratio of 8.68, a PEG ratio of 1.53 and a beta of 1.53. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (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 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 business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. 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 initiated a stock buyback plan on Wednesday, April 29th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

VNO has been the subject of a number of recent research reports. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Truist Financial reduced their target price on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. Citigroup boosted their target price on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Weiss Ratings downgraded shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.09.

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.