Northwestern Mutual Wealth Management Co. Grows Position in Vornado Realty Trust $VNO

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 24,536.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,824 shares of the real estate investment trust’s stock after purchasing an additional 62,569 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vornado Realty Trust were worth $2,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Danske Bank A S purchased a new position in Vornado Realty Trust during the third quarter valued at $28,000. Advisory Services Network LLC purchased a new position in Vornado Realty Trust during the third quarter valued at $33,000. Farmers & Merchants Investments Inc. lifted its position in Vornado Realty Trust by 512.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 718 shares in the last quarter. Westside Investment Management Inc. lifted its position in Vornado Realty Trust by 100.0% during the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares in the last quarter. Finally, BOKF NA lifted its position in Vornado Realty Trust by 1,257.1% during the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,056 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VNO shares. Scotiabank lifted their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Citigroup lifted their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Mizuho lowered 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. JPMorgan Chase & Co. lowered their target price 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, Barclays lowered their target price on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.18.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $32.75 on Wednesday. The stock’s 50-day simple moving average is $28.56 and its 200-day simple moving average is $31.08. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.62 and a beta of 1.53. 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 announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The business had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.72 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Vornado Realty Trust’s revenue was down .5% on a year-over-year basis. As a group, 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 of Directors has approved a stock buyback plan on Wednesday, April 29th that allows the company to repurchase $300.00 million in outstanding 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 plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.