Lecap Asset Management Ltd. Purchases Shares of 42,349 Vornado Realty Trust (NYSE:VNO)

Lecap Asset Management Ltd. purchased a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 42,349 shares of the real estate investment trust's stock, valued at approximately $1,669,000.

Several other large investors have also recently bought and sold shares of VNO. Park Avenue Securities LLC boosted its stake in Vornado Realty Trust by 5.8% in the first 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 in the last quarter. State of Michigan Retirement System increased its position in Vornado Realty Trust by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 39,300 shares of the real estate investment trust's stock worth $1,131,000 after purchasing an additional 900 shares in the last quarter. State of Alaska Department of Revenue increased its position in Vornado Realty Trust by 0.5% during 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 purchasing an additional 531 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Vornado Realty Trust by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 603,381 shares of the real estate investment trust's stock valued at $17,359,000 after purchasing an additional 15,345 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Vornado Realty Trust by 3.3% in the first quarter. Van ECK Associates Corp now owns 72,335 shares of the real estate investment trust's stock valued at $2,081,000 after buying an additional 2,311 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VNO has been the subject of several research analyst reports. Piper Sandler reiterated a "neutral" rating and set a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Scotiabank upped their price target on shares of Vornado Realty Trust from $23.00 to $33.00 and gave the company a "sector perform" rating in a research report on Wednesday, September 4th. Compass Point raised their price target 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. Bank of America boosted their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, August 22nd. Finally, StockNews.com raised Vornado Realty Trust to a "sell" rating in a research report on Saturday, July 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $31.70.

Vornado Realty Trust Trading Up 2.1 %

NYSE VNO traded up $0.92 during trading hours on Thursday, hitting $43.79. 1,235,067 shares of the company's stock were exchanged, compared to its average volume of 2,053,361. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 486.56 and a beta of 1.65. The stock has a 50-day simple moving average of $37.52 and a 200 day simple moving average of $30.41. 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 has a 1-year low of $18.36 and a 1-year high of $43.92.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released 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). The company had revenue of $450.27 million during 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 business's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, equities analysts forecast that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

Vornado Realty Trust Profile

Vornado Realty Trust is a fully - integrated equity real estate investment trust.