Sei Investments Co. Raises Stake in Vornado Realty Trust (NYSE:VNO)

Sei Investments Co. lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 2.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 480,274 shares of the real estate investment trust’s stock after buying an additional 11,012 shares during the period. Sei Investments Co.’s holdings in Vornado Realty Trust were worth $12,626,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Vornado Realty Trust by 3.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 386 shares during the period. First National Bank Sioux Falls increased its stake in Vornado Realty Trust by 3.3% in the first quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 496 shares during the last quarter. Retirement Systems of Alabama lifted its position in Vornado Realty Trust by 0.3% during the first quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after buying an additional 527 shares during the period. State of Alaska Department of Revenue boosted its stake in Vornado Realty Trust by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after buying an additional 531 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Vornado Realty Trust by 5.8% in the 1st quarter. Park Avenue Securities LLC now owns 10,036 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 553 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $38.88 on Friday. The company’s fifty day moving average price is $33.34 and its two-hundred day moving average price is $28.60. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The firm has a market capitalization of $7.41 billion, a P/E ratio of 259.22 and a beta of 1.65. Vornado Realty Trust has a 12 month low of $18.36 and a 12 month high of $39.91.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.37). The business had revenue of $450.27 million for the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. On average, research analysts anticipate that Vornado Realty Trust will post 2.17 earnings per share for the current fiscal year.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total transaction of $56,380.00. Following the sale, the director now owns 3,034 shares in the company, valued at $85,528.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.14% of the company’s stock.

Analysts Set New Price Targets

VNO has been the subject of a number of recent analyst reports. Bank of America boosted their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Compass Point upped their price objective on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Piper Sandler raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $30.00 in a research report on Thursday, August 8th. Scotiabank raised their price objective on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th. Finally, Barclays boosted their target price on Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.43.

Vornado Realty Trust Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.