Hudson Bay Capital Management LP Makes New Investment in Vornado Realty Trust (NYSE:VNO)

Hudson Bay Capital Management LP acquired a new stake in Vornado Realty Trust (NYSE:VNO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 681,526 shares of the real estate investment trust’s stock, valued at approximately $28,651,000. Hudson Bay Capital Management LP owned 0.36% of Vornado Realty Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VNO. Tidal Investments LLC acquired a new position in Vornado Realty Trust in the third quarter valued at approximately $258,000. Principal Financial Group Inc. lifted its position in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after acquiring an additional 2,286,997 shares during the period. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust during the fourth quarter worth $32,000. FNY Investment Advisers LLC acquired a new stake in Vornado Realty Trust in the fourth quarter worth $4,015,000. Finally, Oak Thistle LLC bought a new stake in Vornado Realty Trust in the fourth quarter valued at $683,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $38.84 on Friday. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company’s 50 day moving average price is $36.29 and its two-hundred day moving average price is $40.08. The stock has a market cap of $7.46 billion, a P/E ratio of 971.00, a P/E/G ratio of 9.69 and a beta of 1.47. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Vornado Realty Trust’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, equities analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. StockNews.com cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Sandler lowered their target price on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley lifted their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Finally, Compass Point upped their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.00.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.