Y Intercept Hong Kong Ltd Has $1.03 Million Stock Position in Vornado Realty Trust $VNO

Y Intercept Hong Kong Ltd increased its position in shares of Vornado Realty Trust (NYSE:VNO) by 111.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,530 shares of the real estate investment trust’s stock after acquiring an additional 20,839 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Vornado Realty Trust were worth $1,027,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Vornado Realty Trust in the 4th quarter worth approximately $579,709,000. Franklin Resources Inc. raised its stake in Vornado Realty Trust by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock valued at $416,139,000 after purchasing an additional 195,111 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Vornado Realty Trust by 21.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock valued at $301,300,000 after purchasing an additional 1,598,643 shares in the last quarter. State Street Corp boosted its position in shares of 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 buying an additional 39,767 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of 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 buying an additional 243,905 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 0.7%

Shares of NYSE VNO traded up $0.28 during mid-day trading on Friday, reaching $38.37. The company had a trading volume of 1,085,735 shares, compared to its average volume of 1,579,701. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. The stock has a market capitalization of $7.22 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.93 and a beta of 1.53. The stock’s 50 day moving average is $35.37 and its 200-day moving average is $31.65.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.71 million. During the same period in the previous year, the business posted $0.63 EPS. Vornado Realty Trust’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

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

Insider Activity at Vornado Realty Trust

In related news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director owned 475,161 shares of the company’s stock, valued at approximately $17,400,395.82. The trade was a 21.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Russell B. Wight, Jr. acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the acquisition, the director directly owned 13,000 shares of the company’s stock, valued at $220,220. The trade was a 44.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 9.00% of the company’s stock.

Analyst Upgrades and Downgrades

VNO has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on Vornado Realty Trust from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Citigroup raised their price objective on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. LADENBURG THALM/SH SH lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Morgan Stanley dropped their target price on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.33.

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.