15,043 Shares in Vornado Realty Trust $VNO Acquired by Gerald Baker Financial Group LLC

Gerald Baker Financial Group LLC acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,043 shares of the real estate investment trust’s stock, valued at approximately $391,000.

Several other large investors also recently added to or reduced their stakes in VNO. Norges Bank purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth $579,709,000. Franklin Resources Inc. grew its holdings in shares of Vornado Realty Trust by 1.6% in the fourth 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 increased its position in Vornado Realty Trust by 21.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after purchasing an additional 1,598,643 shares during the last quarter. State Street Corp increased its position in Vornado Realty Trust by 0.5% during 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 purchasing an additional 39,767 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Vornado Realty Trust by 4.2% during 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 purchasing an additional 243,905 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vornado Realty Trust

In other Vornado Realty Trust 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 sale, the director owned 475,161 shares of the company’s stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares of the company’s stock, valued at approximately $220,220. This trade represents a 44.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 9.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VNO. Citigroup boosted their target price on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their price target on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Scotiabank upped their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Truist Financial increased their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average price target of $36.33.

Vornado Realty Trust Trading Up 2.4%

Shares of VNO stock opened at $40.82 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. The firm has a market cap of $7.68 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.53. The company has a 50-day moving average of $36.06 and a two-hundred day moving average of $31.81. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results 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). The company had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. Vornado Realty Trust’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. On average, analysts predict that Vornado Realty Trust will post 2.34 EPS for the current year.

Vornado Realty Trust declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 29th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.