Matthew 25 Management Corp Sells 25,000 Shares of Vornado Realty Trust (NYSE:VNO)

Matthew 25 Management Corp trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the real estate investment trust's stock after selling 25,000 shares during the quarter. Vornado Realty Trust makes up 1.8% of Matthew 25 Management Corp's holdings, making the stock its 17th biggest holding. Matthew 25 Management Corp owned about 0.10% of Vornado Realty Trust worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in Vornado Realty Trust in the first quarter worth approximately $55,000. Principal Securities Inc. bought a new stake in Vornado Realty Trust in the fourth quarter worth approximately $58,000. EverSource Wealth Advisors LLC increased its holdings in Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 1,018 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Vornado Realty Trust by 17.6% during the first quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust's stock valued at $144,000 after acquiring an additional 750 shares in the last quarter. Finally, Clear Street Markets LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $147,000. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Truist Financial boosted their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Evercore ISI boosted their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. StockNews.com upgraded Vornado Realty Trust to a "sell" rating in a report on Saturday, July 20th. Barclays boosted their price objective on Vornado Realty Trust from $21.00 to $27.00 and gave the company an "underweight" rating in a report on Wednesday, August 14th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust has an average rating of "Hold" and a consensus target price of $30.23.

Vornado Realty Trust Stock Performance

VNO stock traded down $0.20 during midday trading on Friday, hitting $33.43. The company's stock had a trading volume of 1,551,522 shares, compared to its average volume of 2,081,757. The stock's 50-day moving average price is $30.40 and its 200 day moving average price is $27.41. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. Vornado Realty Trust has a 1 year low of $18.36 and a 1 year high of $35.26. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 222.87 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business had revenue of $450.27 million during the quarter, compared to analysts' expectations of $439.28 million. During the same period in the prior year, the firm posted $0.72 EPS. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current year.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the business's stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the transaction, the director now owns 3,034 shares of the company's stock, valued at $85,528.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 8.14% of the company's stock.

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.