Fieldview Capital Management LLC Buys 55,555 Shares of Vornado Realty Trust $VNO

Fieldview Capital Management LLC raised its stake in Vornado Realty Trust (NYSE:VNO) by 830.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,246 shares of the real estate investment trust’s stock after buying an additional 55,555 shares during the quarter. Fieldview Capital Management LLC’s holdings in Vornado Realty Trust were worth $2,072,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VNO. Royal Bank of Canada lifted its stake in Vornado Realty Trust by 18.3% in the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 4,251 shares in the last quarter. AQR Capital Management LLC lifted its stake in Vornado Realty Trust by 18.7% in the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after buying an additional 8,189 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Vornado Realty Trust by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after buying an additional 112,956 shares in the last quarter. Marshall Wace LLP bought a new position in Vornado Realty Trust in the second quarter valued at approximately $763,000. Finally, California Public Employees Retirement System lifted its position in shares of Vornado Realty Trust by 9.6% in the second quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust’s stock worth $13,967,000 after purchasing an additional 32,028 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 $38.26 on Friday. The company’s fifty day simple moving average is $31.12 and its 200-day simple moving average is $31.18. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The firm has a market cap of $7.20 billion, a PE ratio of 10.51, a P/E/G ratio of 1.93 and a beta of 1.56. 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 posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The firm had revenue of $459.11 million for the quarter, compared to the consensus estimate of $431.72 million. During the same period last year, the company posted $0.63 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Equities research analysts expect that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its board has initiated a stock buyback program on Wednesday, April 29th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Vornado Realty Trust

In other news, Director Russell B. Wight, Jr. purchased 4,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares of the company’s stock, valued at $220,220. The trade was a 44.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on VNO shares. JPMorgan Chase & Co. boosted their price objective on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Mizuho cut their price objective on shares of 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. Piper Sandler cut their price objective on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Wall Street Zen lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings raised shares of Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.27.

Vornado Realty Trust Company 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.