Allspring Global Investments Holdings LLC Sells 91,354 Shares of Vornado Realty Trust $VNO

Key Points

• Allspring Global Investments cut its Vornado stake by 80.1% in Q4, selling 91,354 shares and retaining 22,641 shares valued at $757,000, according to its 13F filing.
• Other institutions largely increased exposure—most notably Goldman Sachs added 112,956 shares to hold 613,806 shares (~$22.7M)—and overall institutional ownership is about 90.02%.
• Vornado reported Q4 EPS of $0.55 (a $0.02 miss) and $453.7M revenue (beat), has a $5.12B market cap, and carries a consensus analyst rating of Hold with a $34.82 target after recent price cuts.

Allspring Global Investments Holdings LLC reduced its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 80.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,641 shares of the real estate investment trust's stock after selling 91,354 shares during the period. Allspring Global Investments Holdings LLC's holdings in Vornado Realty Trust were worth $757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Vornado Realty Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust's stock valued at $1,017,000 after acquiring an additional 4,251 shares during the last quarter. AQR Capital Management LLC increased its stake in Vornado Realty Trust by 18.7% during the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust's stock worth $1,903,000 after acquiring an additional 8,189 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Vornado Realty Trust by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust's stock worth $22,705,000 after acquiring an additional 112,956 shares during the last quarter. Marshall Wace LLP purchased a new stake in Vornado Realty Trust during the second quarter valued at approximately $763,000. Finally, California Public Employees Retirement System raised its position in Vornado Realty Trust by 9.6% during the second quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust's stock valued at $13,967,000 after purchasing an additional 32,028 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Price Performance

Shares of VNO opened at $27.16 on Friday. The company has a 50 day moving average price of $27.66 and a 200-day moving average price of $33.09. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The stock has a market capitalization of $5.12 billion, a PE ratio of 6.48, a PEG ratio of 1.45 and a beta of 1.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The business had revenue of $453.71 million during the quarter, compared to analysts' expectations of $440.23 million. During the same period in the previous year, the company posted $0.61 EPS. Vornado Realty Trust's revenue for the quarter was down .9% on a year-over-year basis. Equities analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VNO has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on shares of Vornado Realty Trust from $36.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 1st. Wall Street Zen downgraded shares of Vornado Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 14th. Morgan Stanley dropped their price target on shares of Vornado Realty Trust from $32.00 to $28.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Finally, Evercore cut their price target on shares of Vornado Realty Trust from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $34.82.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado's business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company's core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.

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