Matthew 25 Management Corp Sells 25,000 Shares of Vornado Realty Trust (NYSE:VNO)

Matthew 25 Management Corp cut its holdings in Vornado Realty Trust (NYSE:VNO) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the real estate investment trust’s stock after selling 25,000 shares during the period. Vornado Realty Trust accounts for 1.8% of Matthew 25 Management Corp’s portfolio, making the stock its 17th largest holding. Matthew 25 Management Corp’s holdings in Vornado Realty Trust were worth $5,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC purchased a new position in Vornado Realty Trust during the first quarter valued at $55,000. Principal Securities Inc. purchased a new position in shares of Vornado Realty Trust in the fourth quarter valued at about $58,000. EverSource Wealth Advisors LLC lifted its position in shares of Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,018 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Vornado Realty Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 750 shares in the last quarter. Finally, Clear Street Markets LLC purchased a new position in shares of Vornado Realty Trust in the fourth quarter valued at about $147,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 0.6 %

Shares of NYSE VNO traded down $0.20 during trading hours on Friday, reaching $33.43. The stock had a trading volume of 1,551,522 shares, compared to its average volume of 2,081,757. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 222.95 and a beta of 1.65. The business’s fifty day moving average price is $30.40 and its two-hundred day moving average price is $27.40. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $35.26.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The firm had revenue of $450.27 million during the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Analysts expect that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Vornado Realty Trust from $19.00 to $21.50 and gave the company a “sell” rating in a research report on Tuesday, August 27th. Piper Sandler raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $22.00 to $30.00 in a report on Thursday, August 8th. Scotiabank lifted their target price on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a report on Wednesday. StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Finally, Compass Point lifted their target price on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.23.

Insider Activity at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total transaction of $56,380.00. Following the completion of the sale, the director now owns 3,034 shares in the company, valued at $85,528.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.14% of the stock is owned by company insiders.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.