Allspring Global Investments Holdings LLC Sells 48,179 Shares of Vornado Realty Trust (NYSE:VNO)

Allspring Global Investments Holdings LLC reduced its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,604 shares of the real estate investment trust's stock after selling 48,179 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.10% of Vornado Realty Trust worth $7,233,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FIL Ltd bought a new position in Vornado Realty Trust in the 4th quarter valued at about $49,000. UMB Bank n.a. raised its holdings in Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 523 shares during the period. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 286 shares during the period. Friedenthal Financial acquired a new position in shares of Vornado Realty Trust during the 1st quarter worth approximately $75,000. Finally, Quarry LP grew its position in shares of Vornado Realty Trust by 55.4% during the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 761 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

VNO has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of 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. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Truist Financial increased their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Barclays increased their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, March 14th. Finally, Piper Sandler increased their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $37.91.

Vornado Realty Trust Price Performance

Shares of NYSE VNO traded up $0.26 during trading hours on Tuesday, hitting $37.66. 1,361,894 shares of the stock were exchanged, compared to its average volume of 1,616,914. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $7.23 billion, a PE ratio of 72.42, a price-to-earnings-growth ratio of 13.74 and a beta of 1.50. The company's fifty day simple moving average is $38.69 and its two-hundred day simple moving average is $38.89. Vornado Realty Trust has a 1-year low of $25.97 and a 1-year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate 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 net margin of 9.17% and a return on equity of 3.83%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were 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. This represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is currently owned by insiders.

About Vornado Realty Trust

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