Lighthouse Investment Partners LLC Raises Stake in Vornado Realty Trust $VNO

Lighthouse Investment Partners LLC raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 20.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,000 shares of the real estate investment trust’s stock after acquiring an additional 45,000 shares during the period. Lighthouse Investment Partners LLC owned about 0.14% of Vornado Realty Trust worth $10,538,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Vornado Realty Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after purchasing an additional 4,251 shares in the last quarter. AQR Capital Management LLC raised its position in Vornado Realty Trust by 18.7% in the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after purchasing an additional 8,189 shares during the period. Goldman Sachs Group Inc. raised its position in Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock worth $22,705,000 after purchasing an additional 112,956 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Vornado Realty Trust in the second quarter worth $765,000. Finally, ProShare Advisors LLC lifted its stake in Vornado Realty Trust by 4.7% in the second quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 330 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VNO. Scotiabank reduced their price objective on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. Mizuho lowered their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Truist Financial reduced their price target on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, Piper Sandler lowered their price objective on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.90.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $25.92 on Monday. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The firm’s fifty day simple moving average is $30.54 and its 200 day simple moving average is $35.04. The stock has a market cap of $4.94 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53. Vornado Realty Trust has a twelve month low of $25.28 and a twelve month high of $43.37.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The company had revenue of $453.71 million during the quarter, compared to the consensus estimate of $440.23 million. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.