Hudson Bay Capital Management LP Lowers Stock Holdings in Vornado Realty Trust $VNO

Hudson Bay Capital Management LP lowered its position in Vornado Realty Trust (NYSE:VNO) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,358,316 shares of the real estate investment trust’s stock after selling 535,803 shares during the period. Vornado Realty Trust comprises approximately 0.3% of Hudson Bay Capital Management LP’s holdings, making the stock its 19th largest position. Hudson Bay Capital Management LP owned 1.23% of Vornado Realty Trust worth $95,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VNO. Private Management Group Inc. raised its stake in Vornado Realty Trust by 19.5% during the 3rd quarter. Private Management Group Inc. now owns 772,352 shares of the real estate investment trust’s stock valued at $31,303,000 after purchasing an additional 126,242 shares during the period. Centersquare Investment Management LLC boosted its stake in Vornado Realty Trust by 1.4% in the 3rd quarter. Centersquare Investment Management LLC now owns 3,172,261 shares of the real estate investment trust’s stock worth $128,572,000 after purchasing an additional 42,323 shares during the period. Norges Bank purchased a new stake in Vornado Realty Trust during the 2nd quarter valued at approximately $665,094,000. American Century Companies Inc. grew its holdings in Vornado Realty Trust by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust’s stock valued at $16,972,000 after buying an additional 50,285 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of Vornado Realty Trust during the third quarter valued at approximately $4,572,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Up 1.6%

VNO stock opened at $26.45 on Thursday. The firm has a fifty day moving average price of $30.07 and a 200 day moving average price of $34.81. Vornado Realty Trust has a fifty-two week low of $25.28 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. The firm has a market cap of $5.04 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53.

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 analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $453.71 million during the quarter, compared to analysts’ expectations of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a research report on Monday, November 24th. Wall Street Zen downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Truist Financial decreased their price target on shares of Vornado Realty Trust from $34.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday. Scotiabank dropped their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Finally, Piper Sandler cut 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 investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.20.

About Vornado Realty Trust

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.