Allspring Global Investments Holdings LLC Sells 48,179 Shares of Vornado Realty Trust (NYSE:VNO)

Allspring Global Investments Holdings LLC lessened its holdings in Vornado Realty Trust (NYSE:VNO) by 20.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,604 shares of the real estate investment trust’s stock after selling 48,179 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of Vornado Realty Trust worth $7,233,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 523 shares during the period. FIL Ltd bought a new stake in shares of Vornado Realty Trust during the 4th quarter valued at $49,000. Assetmark Inc. lifted its stake in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 286 shares during the period. Friedenthal Financial acquired a new position in shares of Vornado Realty Trust in the 1st quarter valued at $75,000. Finally, Fifth Third Bancorp boosted its position in shares of Vornado Realty Trust by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Insider Buying and Selling at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.42% of the stock is owned by corporate insiders.

Vornado Realty Trust Stock Down 1.4%

Vornado Realty Trust stock opened at $37.76 on Friday. The company has a 50 day moving average of $38.62 and a 200-day moving average of $38.95. 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 has a twelve month low of $25.67 and a twelve month high of $46.63. The stock has a market capitalization of $7.25 billion, a PE ratio of 72.62, a price-to-earnings-growth ratio of 13.87 and a beta of 1.50.

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

Analysts Set New Price Targets

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

Vornado Realty Trust Company Profile

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