Vornado Realty Trust $VNO Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC has reduced its stake in Vornado Realty Trust by 45.8%, selling 36,450 shares and now holding 43,192 shares valued at approximately $1.6 million.
• Other institutional investors have also adjusted their positions, with UMB Bank increasing its holdings by 67.7%, indicating varied investment strategies among key stakeholders in Vornado Realty Trust.
• Vornado Realty Trust reported $0.56 EPS for the latest quarter, which beat estimates, although its revenue of $441.44 million was below the expected $468.79 million.

Algert Global LLC cut its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 45.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,192 shares of the real estate investment trust's stock after selling 36,450 shares during the period. Algert Global LLC's holdings in Vornado Realty Trust were worth $1,598,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in shares of Vornado Realty Trust by 180.7% in the fourth quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust's stock worth $102,373,000 after acquiring an additional 1,567,742 shares during the period. Northern Trust Corp increased its stake in shares of Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock valued at $115,237,000 after purchasing an additional 1,358,498 shares in the last quarter. Invesco Ltd. raised its holdings in Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust's stock worth $155,476,000 after purchasing an additional 1,067,284 shares during the period. Nuveen LLC purchased a new position in Vornado Realty Trust during the first quarter worth approximately $38,284,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Vornado Realty Trust in the fourth quarter valued at approximately $28,651,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the transaction, the executive vice president owned 30,000 shares of the company's stock, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Price Performance

VNO traded down $0.39 on Thursday, reaching $37.26. 194,377 shares of the company's stock were exchanged, compared to its average volume of 1,461,551. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The stock has a market cap of $7.15 billion, a PE ratio of 9.22, a P/E/G ratio of 4.71 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The stock's fifty day moving average price is $38.11 and its 200-day moving average price is $38.03.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $441.44 million for the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business's revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. Sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on VNO. Piper Sandler boosted their price target 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. Barclays upped their price target on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Bank of America lowered their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday. Mizuho cut their price objective on 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. Finally, Evercore ISI decreased their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $38.40.

Vornado Realty Trust Profile

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