Vornado Realty Trust $VNO Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Vornado Realty Trust by 66.3%, selling 774,577 shares and now holding 393,549 shares worth approximately $14.6 million.
• Vornado Realty Trust posted earnings per share of $0.56 for the last quarter, beating expectations, but its revenue of $441.44 million fell short of the anticipated $468.79 million.
• Wall Street analysts have mixed views on the stock, with an average target price of $38.22 and ratings ranging from "Buy" to "Sell," indicating uncertainty about its future performance.

American Century Companies Inc. trimmed its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 66.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,549 shares of the real estate investment trust's stock after selling 774,577 shares during the quarter. American Century Companies Inc. owned approximately 0.21% of Vornado Realty Trust worth $14,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VNO. Dimensional Fund Advisors LP lifted its stake in Vornado Realty Trust by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,501,788 shares of the real estate investment trust's stock worth $105,173,000 after purchasing an additional 15,921 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Vornado Realty Trust by 318.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,654 shares of the real estate investment trust's stock worth $784,000 after purchasing an additional 14,191 shares during the last quarter. Hsbc Holdings PLC increased its position in Vornado Realty Trust by 10.0% during the fourth quarter. Hsbc Holdings PLC now owns 153,874 shares of the real estate investment trust's stock valued at $6,469,000 after acquiring an additional 13,965 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Vornado Realty Trust in the 4th quarter valued at $503,000. Finally, Voya Investment Management LLC raised its stake in shares of Vornado Realty Trust by 6.5% during the fourth quarter. Voya Investment Management LLC now owns 45,867 shares of the real estate investment trust's stock valued at $1,928,000 after acquiring an additional 2,797 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VNO. Piper Sandler upped their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Bank of America decreased their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Monday. Mizuho dropped their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Evercore ISI lowered their price target on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Finally, Scotiabank dropped their target price on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $37.90.

Vornado Realty Trust Price Performance

NYSE VNO traded up $0.43 during mid-day trading on Friday, hitting $38.00. The stock had a trading volume of 592,880 shares, compared to its average volume of 1,465,315. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 4.79 and a beta of 1.56. The firm's 50 day moving average is $38.05 and its 200 day moving average is $38.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million during 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%. Vornado Realty Trust's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Equities research analysts forecast 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.