The Vanguard Group, Inc. has recently announced that it has increased stake in Vornado Realty Trust (NYSE:VNO) by 0.47%. After grabbing 24.07 million shares, the institutional investor is now in possession of 0.11 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 12.65% having worth around $679.91 million. Moreover, BlackRock Fund Advisors increased its share by 0.13 million to have a control over 15.86 million shares. And Kemnay Advisory Services, Inc. raised its holdings to 5.83 million shares by acquiring 5.83 million shares or 3.07% of the stake.
Vornado Realty Trust (VNO) concluded trading on Thursday at a closing price of $28.62, with 2.94 million shares of worth about $84.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.22% during that period and on Thursday, January 25 the price saw a gain of about 3.36%. Currently the company’s common shares owned by public are about 191.87M shares, out of which, 166.30M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 9,095 shares in 1 of the transactions. In 3 selling transactions, insiders dumped 600,000 shares.
Government Pension Fund – Global, Vanguard Real Estate Index Fund, and Putnam Large Cap Value Fund are the top 3 mutual funds which are holding stakes in Vornado Realty Trust Government Pension Fund – Global is currently holding 18.04 million shares of worth totaling $509.69 million. The company recently came buying 0.0 shares which brought its stake up to 9.48% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 30483.0 shares, after which its hold over company’s outstanding shares shrunk to 3.43%, leaving 6.54 million shares with the mutual fund that have a worth of about $184.62 million. Putnam Large Cap Value Fund, after buying 5.98 million shares, have now control over 3.14% of the stake in the company. It holds 0.12 million shares of worth $168.89 million.
However, the stock later moved at a day high price of 28.77, or with a gain of 3.36%. Stock saw a price change of 11.06% in past 5 days and over the past one month there was a price change of -1.89%. Year-to-date (YTD), VNO shares are showing a performance of 1.31% which increased to 29.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.31 but also hit the highest price of $32.21 during that period. The average intraday trading volume for Vornado Realty Trust shares is 2.81 million. The stock is currently trading 2.73% above its 20-day simple moving average (SMA20), while that difference is up 7.81% for SMA50 and it goes to 36.89% higher than SMA200.
The Vanguard Group, Inc. acquired 24.07 million shares of Vornado Realty Trust having value of about $679.91 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.11 million shares in the company valued at close to $3228736.68, or have control over 0.47% stake in the company. Vornado Realty Trust (NYSE: VNO) currently have 191.87M outstanding shares and institutions hold larger chunk of about 86.54% of that. Holding of mutual funds in the company is about 37.77% while other institutional holders and individual stake holders have control over 48.94% and 11.06% of the stake respectively.
The stock has a current market capitalization of $5.45B and its 3Y-monthly beta is at 1.56. It has posted earnings per share of -$2.03 in the same period. It has a debt-to-equity ratio of 1.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VNO, volatility over the week remained 4.19% while standing at 4.05% over the month.
Analysts are in expectations that Vornado Realty Trust (VNO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -6.58% while it is estimated to decrease by -90.45% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on December 15, 2023 offering a Market perform rating for the stock and assigned a target price range of between $25 and $31 to it.
