Jupiter Asset Management Ltd. Buys 406,965 Shares of Vornado Realty Trust (NYSE:VNO)

Jupiter Asset Management Ltd. lifted its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 91.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 852,723 shares of the real estate investment trust's stock after acquiring an additional 406,965 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.45% of Vornado Realty Trust worth $22,418,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Pinebridge Investments L.P. bought a new stake in Vornado Realty Trust during the fourth quarter valued at about $2,320,000. Waterloo Capital L.P. acquired a new stake in Vornado Realty Trust in the 4th quarter valued at approximately $2,410,000. Sei Investments Co. increased its position in Vornado Realty Trust by 5.7% in the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust's stock worth $13,501,000 after buying an additional 25,374 shares during the period. National Bank of Canada FI lifted its holdings in shares of Vornado Realty Trust by 7.9% during the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust's stock worth $26,385,000 after buying an additional 67,100 shares during the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of Vornado Realty Trust by 14.9% in the fourth quarter. Cibc World Markets Corp now owns 413,568 shares of the real estate investment trust's stock valued at $11,683,000 after acquiring an additional 53,568 shares during the period. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

Shares of NYSE VNO traded up $0.43 during midday trading on Friday, reaching $36.36. 2,037,014 shares of the company traded hands, compared to its average volume of 2,086,701. Vornado Realty Trust has a 12 month low of $18.36 and a 12 month high of $36.62. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The stock's 50-day simple moving average is $31.06 and its 200-day simple moving average is $27.64. The firm has a market cap of $6.93 billion, a PE ratio of 242.42 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.37). The firm had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Compass Point upped their target price on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Evercore ISI upped their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Truist Financial lifted their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Piper Sandler raised Vornado Realty Trust from an "underweight" rating to a "neutral" rating and upped their price target for the company from $22.00 to $30.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Four research 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 presently has a consensus rating of "Hold" and a consensus price target of $30.43.

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 3,034 shares of the company's stock, valued at approximately $85,528.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.14% of the stock is owned by company insiders.

Vornado Realty Trust Company 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.