State Street Holds 5.6% Stake in Vornado Realty Trust
Ticker: VNO-PO · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 899689
| Field | Detail |
|---|---|
| Company | Vornado Realty Trust (VNO-PO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, real-estate, amended-filing
TL;DR
**State Street owns 5.6% of Vornado Realty Trust, a solid institutional vote of confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Vornado Realty Trust. As of December 31, 2023, State Street Corporation reported beneficial ownership of 10,790,560 shares, representing 5.6% of Vornado Realty Trust's REIT class of securities. This filing indicates a significant, though passive, institutional stake in Vornado, which could be seen as a vote of confidence for current shareholders and potential buyers.
Why It Matters
This filing confirms a major institutional investor, State Street Corporation, maintains a significant stake in Vornado Realty Trust, which can signal stability and institutional interest to other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive ownership stake by a large institutional investor, indicating no immediate risk.
Analyst Insight
Investors should note State Street's continued significant, passive ownership in Vornado Realty Trust, which suggests institutional confidence in the company's long-term prospects, but doesn't signal any immediate catalysts.
Key Numbers
- 10,790,560 — Shares Beneficially Owned (Represents State Street Corporation's total ownership in Vornado Realty Trust.)
- 5.6% — Percentage of Class (Indicates State Street Corporation's significant, but passive, stake in Vornado Realty Trust.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and beneficial owner
- Vornado Realty Trust (company) — the issuer of the securities
- 10,790,560 shares (dollar_amount) — total shares beneficially owned by State Street Corporation
- 5.6% (dollar_amount) — percentage of Vornado Realty Trust's class of securities owned by State Street Corporation
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain its passive stake in Vornado Realty Trust. (State Street Corporation) — high confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is State Street Corporation, as stated on page 2 of 5, item 1.
What is the name of the issuer whose securities are being reported?
The issuer is Vornado Realty Trust, as identified on page 1 of the filing under 'NAME OF ISSUER'.
What percentage of Vornado Realty Trust's class of securities does State Street Corporation beneficially own?
State Street Corporation beneficially owns 5.6% of Vornado Realty Trust's REIT class of securities, as indicated in the filing's summary data.
What was the date of the event that required this SC 13G/A filing?
The date of the event which required this filing was December 31, 2023, as specified on page 1 under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as marked with an 'X' on page 1 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding VORNADO REALTY TRUST (VNO-PO).