Private Management Group Inc. Has $10.26 Million Stake in Vornado Realty Trust (VNO)

Share on StockTwits

Private Management Group Inc. raised its position in Vornado Realty Trust (NYSE:VNO) by 872.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,469 shares of the real estate investment trust’s stock after acquiring an additional 136,783 shares during the period. Private Management Group Inc. owned about 0.08% of Vornado Realty Trust worth $10,261,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VNO. JPMorgan Chase & Co. grew its position in Vornado Realty Trust by 15.7% during the 1st quarter. JPMorgan Chase & Co. now owns 10,098,699 shares of the real estate investment trust’s stock worth $679,643,000 after acquiring an additional 1,367,593 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Vornado Realty Trust by 49.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,668,962 shares of the real estate investment trust’s stock valued at $286,841,000 after buying an additional 1,211,798 shares during the last quarter. Centersquare Investment Management LLC bought a new position in Vornado Realty Trust in the 1st quarter valued at $37,443,000. Long Pond Capital LP boosted its position in Vornado Realty Trust by 57.6% in the 4th quarter. Long Pond Capital LP now owns 1,319,340 shares of the real estate investment trust’s stock valued at $103,146,000 after buying an additional 482,190 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Vornado Realty Trust by 10.0% in the 1st quarter. Franklin Resources Inc. now owns 4,399,878 shares of the real estate investment trust’s stock valued at $296,111,000 after buying an additional 398,998 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on VNO. Evercore ISI upgraded Vornado Realty Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, June 11th. Morgan Stanley decreased their price objective on Vornado Realty Trust from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, June 14th. ValuEngine lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. BMO Capital Markets began coverage on Vornado Realty Trust in a research note on Friday, March 16th. They issued an “outperform” rating and a $85.00 price target on the stock. Finally, Sandler O’Neill set a $76.00 price target on Vornado Realty Trust and gave the company a “buy” rating in a research note on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $80.64.

Vornado Realty Trust traded up $0.52, hitting $73.65, during mid-day trading on Friday, Marketbeat.com reports. 1,856,160 shares of the company’s stock were exchanged, compared to its average volume of 1,007,439. The company has a market capitalization of $13.91 billion, a PE ratio of 19.75, a PEG ratio of 7.99 and a beta of 0.88. Vornado Realty Trust has a fifty-two week low of $64.13 and a fifty-two week high of $80.92. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.59). The business had revenue of $536.43 million for the quarter, compared to analyst estimates of $533.54 million. Vornado Realty Trust had a return on equity of 5.04% and a net margin of 7.01%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. analysts predict that Vornado Realty Trust will post 3.75 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. Vornado's portfolio is concentrated in the nation's key market ? New York City ? along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply