Arjuna Capital Purchases 60,075 Shares of Vornado Realty Trust $VNO

Arjuna Capital lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 865.4% during the 4th quarter, Holdings Channel reports. The firm owned 67,017 shares of the real estate investment trust’s stock after purchasing an additional 60,075 shares during the quarter. Arjuna Capital’s holdings in Vornado Realty Trust were worth $2,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in shares of Vornado Realty Trust by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 12,309,059 shares of the real estate investment trust’s stock valued at $498,886,000 after purchasing an additional 274,313 shares in the last quarter. State Street Corp boosted its holdings in Vornado Realty Trust by 0.5% in the second quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after acquiring an additional 39,767 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Vornado Realty Trust by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 6,044,708 shares of the real estate investment trust’s stock worth $201,168,000 after acquiring an additional 243,905 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in Vornado Realty Trust by 1.4% in the third quarter. Centersquare Investment Management LLC now owns 3,172,261 shares of the real estate investment trust’s stock worth $128,572,000 after acquiring an additional 42,323 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Vornado Realty Trust by 9.4% in the second quarter. Bank of America Corp DE now owns 1,730,149 shares of the real estate investment trust’s stock worth $66,161,000 after acquiring an additional 148,253 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $30.53 on Friday. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 1.57 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The firm’s 50-day simple moving average is $27.86 and its two-hundred day simple moving average is $31.41.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $459.11 million during the quarter, compared to the consensus estimate of $431.72 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. As a group, equities analysts forecast that Vornado Realty Trust will post 2.33 earnings per share for the current year.

Vornado Realty Trust announced that its board has initiated a share repurchase plan on Wednesday, April 29th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Truist Financial cut their price target on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings downgraded Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Mizuho dropped their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $34.09.

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.