Compound Planning Inc. Has $272,000 Position in Vornado Realty Trust $VNO

Compound Planning Inc. raised its holdings in Vornado Realty Trust (NYSE:VNO) by 4.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,341 shares of the real estate investment trust’s stock after acquiring an additional 311 shares during the quarter. Compound Planning Inc.’s holdings in Vornado Realty Trust were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNO. Voya Investment Management LLC increased its stake in Vornado Realty Trust by 6.5% in the 4th quarter. Voya Investment Management LLC now owns 45,867 shares of the real estate investment trust’s stock valued at $1,928,000 after buying an additional 2,797 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Vornado Realty Trust in the 4th quarter valued at $249,000. Quarry LP increased its stake in Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 761 shares during the last quarter. Northern Trust Corp increased its stake in Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust’s stock valued at $115,237,000 after buying an additional 1,358,498 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth about $3,166,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $37.69 on Thursday. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 4.71 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The company has a 50-day simple moving average of $38.11 and a 200 day simple moving average of $38.03. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insider Activity

In related news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president directly owned 30,000 shares of the company’s stock, valued at $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday. Wall Street Zen upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Piper Sandler boosted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Evercore ISI lowered their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Finally, Barclays boosted their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.40.

Vornado Realty Trust Profile

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