Vornado Realty Trust (NYSE:VNO) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 36.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,068,611 shares of the real estate investment trust's stock after selling 616,450 shares during the quarter. Bank of America Corp DE owned approximately 0.56% of Vornado Realty Trust worth $44,924,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $729,073,000. Franklin Resources Inc. boosted its position in Vornado Realty Trust by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock worth $500,263,000 after purchasing an additional 792,100 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Vornado Realty Trust by 3.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after purchasing an additional 278,409 shares during the last quarter. Principal Financial Group Inc. boosted its position in Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after purchasing an additional 3,575,593 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock worth $131,833,000 after purchasing an additional 1,651,819 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Trading Down 0.1%

NYSE VNO traded down $0.03 during trading hours on Tuesday, hitting $39.19. 38,913 shares of the company were exchanged, compared to its average volume of 1,610,647. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market cap of $7.52 billion, a PE ratio of 979.45, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. The stock has a 50-day moving average price of $36.43 and a 200 day moving average price of $39.93. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted 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. The company had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Vornado Realty Trust's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler cut their price objective on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Morgan Stanley boosted their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Barclays upped their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group upped their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and a consensus target price of $38.00.

Vornado Realty Trust Company Profile

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