BROOKFIELD Corp ON Has $6.49 Million Stake in Vornado Realty Trust $VNO

BROOKFIELD Corp ON raised its holdings in Vornado Realty Trust (NYSE:VNO) by 50,980.8% during the first quarter, Holdings Channel reports. The institutional investor owned 249,785 shares of the real estate investment trust’s stock after buying an additional 249,296 shares during the quarter. BROOKFIELD Corp ON’s holdings in Vornado Realty Trust were worth $6,492,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Vornado Realty Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 4,251 shares during the last quarter. AQR Capital Management LLC raised its position in Vornado Realty Trust by 18.7% in the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after buying an additional 8,189 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after buying an additional 112,956 shares during the last quarter. Marshall Wace LLP bought a new position in Vornado Realty Trust during the 2nd quarter valued at $763,000. Finally, California Public Employees Retirement System lifted its stake in Vornado Realty Trust by 9.6% during the 2nd quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust’s stock valued at $13,967,000 after acquiring an additional 32,028 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $39.76 on Monday. The company’s 50 day moving average is $37.07 and its 200-day moving average is $32.06. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The firm has a market cap of $7.48 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 2.00 and a beta of 1.53.

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

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

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares in the company, valued at approximately $220,220. This trade represents a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the completion of the transaction, the director directly owned 475,161 shares in the company, valued at $17,400,395.82. The trade was a 21.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VNO shares. Mizuho boosted their price target on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Truist Financial lifted their target price on shares of Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their target price 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. BMO Capital Markets boosted their target price on Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Finally, Citigroup upped their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.17.

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.