GAMMA Investing LLC Has $208,000 Stock Holdings in Vornado Realty Trust (NYSE:VNO)

GAMMA Investing LLC lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 18.2% during the first quarter, HoldingsChannel reports. The firm owned 5,636 shares of the real estate investment trust’s stock after buying an additional 868 shares during the quarter. GAMMA Investing LLC’s holdings in Vornado Realty Trust were worth $208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VNO. Assetmark Inc. grew its position in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 286 shares during the period. Vident Advisory LLC lifted its stake in Vornado Realty Trust by 4.7% in the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 344 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Vornado Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock valued at $1,976,000 after buying an additional 373 shares during the period. Mariner LLC increased its position in shares of Vornado Realty Trust by 0.9% during the fourth quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust’s stock worth $1,903,000 after acquiring an additional 404 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Vornado Realty Trust by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 77,058 shares of the real estate investment trust’s stock worth $3,240,000 after acquiring an additional 480 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.42% of the company’s stock.

Vornado Realty Trust Price Performance

VNO opened at $37.76 on Friday. Vornado Realty Trust has a 1 year low of $25.67 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 72.62, a P/E/G ratio of 14.06 and a beta of 1.50. The firm’s fifty day moving average price is $38.58 and its two-hundred day moving average price is $39.00.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. 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 previous year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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