Vornado Realty Trust (NYSE:VNO) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,484 shares of the real estate investment trust’s stock after selling 511 shares during the quarter. Arizona State Retirement System’s holdings in Vornado Realty Trust were worth $1,719,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FIL Ltd acquired a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $49,000. UMB Bank n.a. increased its stake in Vornado Realty Trust by 67.7% in the 1st 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. Friedenthal Financial acquired a new position in Vornado Realty Trust in the 1st quarter valued at approximately $75,000. Quarry LP increased its stake in Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 761 shares during the period. Finally, Fifth Third Bancorp increased its stake in 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 valued at $82,000 after buying an additional 312 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $38.36 on Friday. Vornado Realty Trust has a 1 year low of $26.19 and a 1 year high of $46.63. The firm’s fifty day simple moving average is $38.84 and its 200 day simple moving average is $38.71. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $7.36 billion, a PE ratio of 73.77, a PEG ratio of 13.94 and a beta of 1.50.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating 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 business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same period last year, the business posted $0.55 EPS. Vornado Realty Trust’s revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total value 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. This represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial increased their price target 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. Scotiabank increased their price target on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, July 14th. Mizuho dropped their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Piper Sandler increased 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 note on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. 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 company’s stock. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $38.09.

Vornado Realty Trust Profile

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