Vornado Realty Trust (NYSE:VNO) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in Vornado Realty Trust (NYSE:VNO) by 1.2% in the first quarter, Holdings Channel.com reports. The firm owned 182,243 shares of the real estate investment trust’s stock after acquiring an additional 2,198 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Vornado Realty Trust were worth $6,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Vornado Realty Trust during the 1st quarter valued at approximately $2,151,000. Handelsbanken Fonder AB lifted its position in shares of Vornado Realty Trust by 20.7% during the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust’s stock valued at $1,898,000 after acquiring an additional 8,800 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Vornado Realty Trust during the 4th quarter valued at approximately $235,000. Assetmark Inc. lifted its position in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 286 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Vornado Realty Trust by 6.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock valued at $9,321,000 after acquiring an additional 12,780 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 1.4%

Shares of NYSE VNO opened at $37.76 on Friday. Vornado Realty Trust has a 52-week low of $25.67 and a 52-week high of $46.63. The firm has a fifty day moving average of $38.58 and a 200-day moving average of $39.00. The stock has a market capitalization of $7.25 billion, a PE ratio of 72.62, a P/E/G ratio of 14.06 and a beta of 1.50. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $461.58 million during the quarter, compared to analysts’ expectations of $452.68 million. During the same period in the previous year, the company earned $0.55 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, EVP Haim Chera sold 20,000 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, the executive vice president directly owned 30,000 shares of the company’s stock, valued at $1,139,400. The trade was a 40.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is owned by corporate insiders.

About Vornado Realty Trust

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