Vanguard Group Inc. Has $881.70 Million Holdings in Vornado Realty Trust (NYSE:VNO)

Vanguard Group Inc. cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,836,195 shares of the real estate investment trust’s stock after selling 895,513 shares during the period. Vanguard Group Inc. owned about 0.12% of Vornado Realty Trust worth $881,701,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Centersquare Investment Management LLC grew its position in Vornado Realty Trust by 32.2% in the first quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock worth $96,022,000 after acquiring an additional 632,721 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Vornado Realty Trust by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 12,550 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 974 shares during the last quarter. US Bancorp DE lifted its stake in shares of Vornado Realty Trust by 8.7% in the first quarter. US Bancorp DE now owns 20,286 shares of the real estate investment trust’s stock worth $750,000 after buying an additional 1,622 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Vornado Realty Trust by 2.8% in the first quarter. Natixis Advisors LLC now owns 52,778 shares of the real estate investment trust’s stock worth $1,952,000 after buying an additional 1,462 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Vornado Realty Trust in the 1st quarter valued at $294,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Down 2.7%

NYSE:VNO opened at $35.91 on Tuesday. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a market cap of $6.90 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 13.35 and a beta of 1.56. The business has a 50 day moving average price of $38.87 and a two-hundred day moving average price of $38.41.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company had revenue of $441.44 million for the quarter, compared to the consensus estimate of $468.79 million. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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 report on Tuesday, June 3rd. Piper Sandler increased their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Mizuho decreased 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. 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, Scotiabank raised their target price on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.80.

About Vornado Realty Trust

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