Investors Buy Large Volume of Call Options on Vornado Realty Trust (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO - Get Free Report) was the target of unusually large options trading on Monday. Stock traders bought 4,033 call options on the stock. This represents an increase of 140% compared to the average daily volume of 1,681 call options.

Analyst Upgrades and Downgrades

VNO has been the subject of several research reports. BMO Capital Markets upgraded shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. StockNews.com upgraded Vornado Realty Trust to a "sell" rating in a report on Saturday, July 20th. Piper Sandler upgraded Vornado Realty Trust from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $22.00 to $30.00 in a research note on Thursday, August 8th. Barclays upped their target price on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 14th. Finally, Compass Point lifted their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.09.

Vornado Realty Trust Stock Down 1.0 %

NYSE:VNO traded down $0.35 during midday trading on Monday, hitting $34.31. 4,355,417 shares of the company were exchanged, compared to its average volume of 2,098,012. The company has a fifty day simple moving average of $28.76 and a 200 day simple moving average of $26.85. The company has a market capitalization of $6.54 billion, a PE ratio of 231.62 and a beta of 1.64. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $35.26. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly 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 during 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 firm's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.13 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 business's stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the sale, the director now directly 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 can be accessed through the SEC website. Company insiders own 8.14% of the company's stock.

Institutional Investors Weigh In On Vornado Realty Trust

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Vornado Realty Trust in the second quarter worth $48,000. Fidelis Capital Partners LLC purchased a new stake in Vornado Realty Trust during the first quarter worth about $55,000. Principal Securities Inc. purchased a new stake in Vornado Realty Trust during the fourth quarter worth about $58,000. EverSource Wealth Advisors LLC grew its position in Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust's stock worth $77,000 after buying an additional 1,018 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Vornado Realty Trust in the fourth quarter valued at about $116,000. 90.02% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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.