Waterloo Capital L.P. Purchases 13,043 Shares of Vornado Realty Trust (NYSE:VNO)

Waterloo Capital L.P. boosted its position in Vornado Realty Trust (NYSE:VNO) by 11.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 128,169 shares of the real estate investment trust’s stock after acquiring an additional 13,043 shares during the period. Waterloo Capital L.P.’s holdings in Vornado Realty Trust were worth $3,370,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in shares of Vornado Realty Trust in the first quarter valued at $55,000. Principal Securities Inc. bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at about $58,000. EverSource Wealth Advisors LLC increased its position in shares of Vornado Realty Trust by 61.0% during 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 buying an additional 1,018 shares during the period. GAMMA Investing LLC lifted its holdings 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 worth $144,000 after buying an additional 750 shares in the last quarter. Finally, Clear Street Markets LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $147,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the sale, the director now owns 3,034 shares of the company’s stock, valued at approximately $85,528.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 8.14% of the company’s stock.

Vornado Realty Trust Stock Up 0.3 %

Shares of VNO opened at $37.60 on Wednesday. Vornado Realty Trust has a 1 year low of $18.36 and a 1 year high of $38.09. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The stock has a 50 day simple moving average of $31.72 and a two-hundred day simple moving average of $27.91. The firm has a market cap of $7.16 billion, a P/E ratio of 250.67 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data 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 business 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%. Vornado Realty Trust’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, analysts forecast that Vornado Realty Trust will post 2.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VNO shares. Scotiabank upped their target price on shares of Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th. Barclays increased their price objective on Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. Truist Financial lifted their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group lifted their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $30.43.

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.