Investors Purchase Large Volume of Vornado Realty Trust Call Options (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO) saw unusually large options trading on Wednesday. Investors bought 42,239 call options on the stock. This represents an increase of approximately 9,522% compared to the average volume of 439 call options.

Insider Transactions at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the transaction, the executive vice president now owns 30,000 shares of the company’s stock, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.42% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Vornado Realty Trust in the fourth quarter worth $729,073,000. Invesco Ltd. increased its position in Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock worth $131,833,000 after buying an additional 1,651,819 shares during the last quarter. Deutsche Bank AG grew its position in shares of Vornado Realty Trust by 180.7% in the fourth quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust’s stock valued at $102,373,000 after purchasing an additional 1,567,742 shares in the last quarter. Northern Trust Corp grew its position in shares of Vornado Realty Trust by 98.3% in the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust’s stock valued at $115,237,000 after purchasing an additional 1,358,498 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Vornado Realty Trust in the first quarter valued at $38,284,000. Institutional investors own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VNO shares. Piper Sandler increased their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Barclays increased their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Morgan Stanley raised their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Truist Financial raised their price objective on Vornado Realty Trust from $37.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.91.

Vornado Realty Trust Stock Down 6.7%

Shares of NYSE:VNO opened at $35.87 on Thursday. The business’s 50 day simple moving average is $38.15 and its two-hundred day simple moving average is $39.28. The firm has a market cap of $6.89 billion, a P/E ratio of 68.98, a PEG ratio of 14.16 and a beta of 1.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10. Vornado Realty Trust has a 52-week low of $24.76 and a 52-week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.