Dimensional Fund Advisors LP Has $65.71 Million Stake in Vornado Realty Trust (NYSE:VNO)

Dimensional Fund Advisors LP lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 0.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,499,401 shares of the real estate investment trust’s stock after purchasing an additional 2,119 shares during the period. Dimensional Fund Advisors LP owned 1.31% of Vornado Realty Trust worth $65,707,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VNO. Fidelis Capital Partners LLC bought a new stake in shares of Vornado Realty Trust during the first quarter worth approximately $55,000. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 1,018 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Vornado Realty Trust by 17.6% during the 1st 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 during the last quarter. Clear Street Markets LLC bought a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $147,000. Finally, Hilltop National Bank acquired a new position in shares of Vornado Realty Trust during the 1st quarter worth about $159,000. 90.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total value of $56,380.00. Following the transaction, the director now directly 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 the SEC website. Insiders own 8.14% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $38.88 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The company has a market capitalization of $7.41 billion, a P/E ratio of 259.22 and a beta of 1.65. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $39.91. The company’s 50-day moving average is $33.34 and its 200 day moving average is $28.60.

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 firm had revenue of $450.27 million during the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, equities research analysts forecast that Vornado Realty Trust will post 2.17 earnings per share for the current year.

Analysts Set New Price Targets

VNO has been the subject of several research reports. StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Scotiabank boosted their price objective on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 4th. Bank of America raised their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Evercore ISI upped their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $22.00 to $30.00 in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.43.

Vornado Realty Trust Profile

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.