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 disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,604 shares of the real estate investment trust's stock after selling 48,179 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of Vornado Realty Trust worth $7,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VNO. Oppenheimer & Co. Inc. acquired a new position in shares of Vornado Realty Trust in the fourth quarter valued at $235,000. US Bancorp DE increased its holdings in shares of Vornado Realty Trust by 6.5% in the fourth quarter. US Bancorp DE now owns 18,664 shares of the real estate investment trust's stock valued at $785,000 after purchasing an additional 1,135 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 286 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Vornado Realty Trust by 6.4% in the fourth quarter. M&T Bank Corp now owns 45,518 shares of the real estate investment trust's stock valued at $1,913,000 after purchasing an additional 2,748 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Vornado Realty Trust in the fourth quarter valued at $4,809,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on VNO. Truist Financial upped their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Barclays upped their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Piper Sandler upped their price target 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, Morgan Stanley upped their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.91.

Insiders Place Their Bets

In other news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, the executive vice president owned 30,000 shares of the company's stock, valued at $1,139,400. This trade represents a 40.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.42% of the company's stock.

Vornado Realty Trust Trading Down 1.4%

Shares of Vornado Realty Trust stock traded down $0.52 on Friday, hitting $37.76. The stock had a trading volume of 1,145,942 shares, compared to its average volume of 1,615,373. The stock has a 50 day moving average of $38.62 and a 200 day moving average of $38.94. Vornado Realty Trust has a twelve month low of $25.87 and a twelve month high of $46.63. 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 firm has a market capitalization of $7.25 billion, a P/E ratio of 72.62, a PEG ratio of 13.87 and a beta of 1.50.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The company 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%. 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 posted $0.55 earnings per share. Sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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