Renaissance Technologies LLC Makes New $1.17 Million Investment in Vornado Realty Trust (NYSE:VNO)

Renaissance Technologies LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 44,399 shares of the real estate investment trust's stock, valued at approximately $1,167,000.

A number of other institutional investors have also recently bought and sold shares of VNO. Fidelis Capital Partners LLC acquired a new position in Vornado Realty Trust during the first quarter valued at $55,000. EverSource Wealth Advisors LLC increased its holdings in shares of Vornado Realty Trust by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 1,018 shares during the period. GAMMA Investing LLC lifted its position in shares of Vornado Realty Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust's stock worth $144,000 after purchasing an additional 750 shares in the last quarter. Clear Street Markets LLC purchased a new position in Vornado Realty Trust during the fourth quarter valued at approximately $147,000. Finally, Hilltop National Bank acquired a new position in Vornado Realty Trust in the 1st quarter valued at approximately $159,000. Hedge funds and other institutional investors own 90.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VNO shares. BMO Capital Markets raised shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Piper Sandler raised Vornado Realty Trust from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $22.00 to $30.00 in a report on Thursday, August 8th. Truist Financial upped their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Scotiabank increased their price target on Vornado Realty Trust from $23.00 to $33.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 4th. Finally, Compass Point lifted their price objective on Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Vornado Realty Trust has a consensus rating of "Hold" and an average price target of $30.43.

Insider Activity

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the firm's stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.14% of the company's stock.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded down $0.08 during mid-day trading on Friday, reaching $39.34. The company's stock had a trading volume of 1,273,359 shares, compared to its average volume of 2,076,223. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $40.37. The company has a market capitalization of $7.49 billion, a P/E ratio of 262.27 and a beta of 1.65. 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 firm's fifty day moving average price is $34.40 and its two-hundred day moving average price is $29.11.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted 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). 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 for the quarter, compared to analysts' expectations of $439.28 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Vornado Realty Trust's quarterly revenue was down 4.7% compared to the same quarter last year. Sell-side analysts predict that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

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.