Allianz Asset Management GmbH Grows Stock Position in Vornado Realty Trust $VNO

Allianz Asset Management GmbH lifted its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,663 shares of the real estate investment trust's stock after purchasing an additional 61,555 shares during the quarter. Allianz Asset Management GmbH owned about 0.22% of Vornado Realty Trust worth $16,010,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VNO. Invesco Ltd. raised its stake in shares of Vornado Realty Trust by 34.0% during the first 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 last quarter. Nuveen LLC purchased a new stake in shares of Vornado Realty Trust during the first quarter worth approximately $38,284,000. Centersquare Investment Management LLC raised its stake in shares of Vornado Realty Trust by 32.2% during 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 purchasing an additional 632,721 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Vornado Realty Trust by 21.3% during the first quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust's stock worth $109,228,000 after purchasing an additional 517,773 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Vornado Realty Trust by 106.1% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 972,817 shares of the real estate investment trust's stock worth $35,985,000 after purchasing an additional 500,861 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Down 2.5%

Vornado Realty Trust stock opened at $38.25 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 4.76 and a beta of 1.59. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The stock's fifty day moving average is $39.56 and its two-hundred day moving average is $38.36.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on VNO shares. Truist Financial upped their price target on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a research note on Friday, September 12th. Scotiabank dropped their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. Citigroup raised Vornado Realty Trust from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $34.00 to $42.00 in a report on Friday, September 12th. Bank of America dropped 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, August 25th. Finally, LADENBURG THALM/SH SH began coverage on Vornado Realty Trust in a report on Monday, October 13th. They set a "buy" rating and a $48.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.42.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.42% of the company's stock.

About Vornado Realty Trust

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

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