Private Management Group Inc. Raises Stock Position in Vornado Realty Trust $VNO

Private Management Group Inc. grew its stake in shares of Vornado Realty Trust (NYSE:VNO) by 19.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 772,352 shares of the real estate investment trust’s stock after acquiring an additional 126,242 shares during the period. Private Management Group Inc.’s holdings in Vornado Realty Trust were worth $31,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Vornado Realty Trust in the 2nd quarter valued at approximately $665,094,000. JPMorgan Chase & Co. raised its holdings in Vornado Realty Trust by 88.1% during the second quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock worth $191,371,000 after purchasing an additional 2,344,037 shares during the last quarter. Pacer Advisors Inc. boosted its position in Vornado Realty Trust by 27,787.3% during the third quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock worth $60,379,000 after purchasing an additional 1,484,395 shares in the last quarter. Resolution Capital Ltd acquired a new stake in Vornado Realty Trust in the second quarter valued at $49,565,000. Finally, Candriam S.C.A. grew its holdings in Vornado Realty Trust by 173.8% in the third quarter. Candriam S.C.A. now owns 785,413 shares of the real estate investment trust’s stock valued at $31,833,000 after purchasing an additional 498,564 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on VNO shares. Evercore cut their price target on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Piper Sandler lowered their price objective on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Truist Financial dropped their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Wall Street Zen cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target on the stock in a report on Monday, November 24th. Three research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.90.

Vornado Realty Trust Stock Down 0.4%

Shares of VNO opened at $25.92 on Friday. Vornado Realty Trust has a fifty-two week low of $25.28 and a fifty-two week high of $43.37. The company’s fifty day moving average is $30.54 and its two-hundred day moving average is $35.07. The firm has a market cap of $4.94 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44.

Vornado Realty Trust (NYSE:VNO) last released 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 firm had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust 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.