Advisors Preferred LLC Has $2.06 Million Stake in Vornado Realty Trust (NYSE:VNO)

Advisors Preferred LLC trimmed its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 33.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,668 shares of the real estate investment trust's stock after selling 27,259 shares during the quarter. Advisors Preferred LLC's holdings in Vornado Realty Trust were worth $2,064,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Signaturefd LLC increased its stake in Vornado Realty Trust by 1.4% during the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock worth $758,000 after purchasing an additional 282 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Vornado Realty Trust by 4.7% during the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after acquiring an additional 344 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Vornado Realty Trust by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock worth $1,469,000 after acquiring an additional 400 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Vornado Realty Trust by 0.9% during the 4th quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust's stock worth $1,903,000 after acquiring an additional 404 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Performance

Shares of VNO traded up $0.39 during midday trading on Friday, reaching $39.94. 853,967 shares of the stock were exchanged, compared to its average volume of 1,620,844. Vornado Realty Trust has a twelve month low of $26.19 and a twelve month high of $46.63. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. The company has a market cap of $7.67 billion, a P/E ratio of 76.80, a PEG ratio of 14.31 and a beta of 1.50. The stock's 50 day simple moving average is $38.85 and its 200 day simple moving average is $38.64.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. Vornado Realty Trust's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

VNO has been the subject of several research reports. Truist Financial raised 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 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. Mizuho decreased their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Piper Sandler raised their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $38.09.

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president 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 Securities & Exchange Commission, which is available through this link. 8.42% of the stock is currently owned by company insiders.

About Vornado Realty Trust

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