Vornado Realty Trust (NYSE:VNO) Shares Sold by Vanderbilt University

Vanderbilt University lowered its stake in Vornado Realty Trust (NYSE:VNO) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,987 shares of the real estate investment trust’s stock after selling 1,145 shares during the period. Vanderbilt University’s holdings in Vornado Realty Trust were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC grew its holdings in shares of Vornado Realty Trust by 5.8% during the first quarter. Park Avenue Securities LLC now owns 10,036 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 553 shares during the last quarter. State of Michigan Retirement System grew its holdings in Vornado Realty Trust by 2.3% during the first quarter. State of Michigan Retirement System now owns 39,300 shares of the real estate investment trust’s stock worth $1,131,000 after acquiring an additional 900 shares during the period. State of Alaska Department of Revenue raised its position in Vornado Realty Trust by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after acquiring an additional 531 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Vornado Realty Trust by 3.3% in the first quarter. Van ECK Associates Corp now owns 72,335 shares of the real estate investment trust’s stock valued at $2,081,000 after acquiring an additional 2,311 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Vornado Realty Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after purchasing an additional 527 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VNO has been the subject of a number of research analyst reports. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $29.00 to $40.00 in a report on Thursday, August 8th. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Compass Point boosted their target price on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI raised their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $32.80.

Vornado Realty Trust Trading Up 1.4 %

Shares of Vornado Realty Trust stock traded up $0.59 during trading hours on Monday, reaching $43.76. 111,518 shares of the company’s stock were exchanged, compared to its average volume of 2,038,256. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 484.00 and a beta of 1.65. The company has a fifty day moving average of $37.74 and a 200-day moving average of $30.53. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $44.05. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm had revenue of $450.27 million for the quarter, compared to analysts’ expectations of $439.28 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Profile

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