Amundi Cuts Stock Holdings in Vornado Realty Trust $VNO

Amundi reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 44.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 515,683 shares of the real estate investment trust's stock after selling 416,519 shares during the quarter. Amundi owned 0.27% of Vornado Realty Trust worth $17,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FJ Capital Management LLC bought a new stake in shares of Vornado Realty Trust during the 1st quarter worth $275,000. Royal Bank of Canada raised its position in Vornado Realty Trust by 18.3% in the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust's stock valued at $1,017,000 after purchasing an additional 4,251 shares during the last quarter. MAI Capital Management raised its position in Vornado Realty Trust by 100.9% in the first quarter. MAI Capital Management now owns 8,475 shares of the real estate investment trust's stock valued at $313,000 after purchasing an additional 4,256 shares during the last quarter. Twin Tree Management LP raised its position in Vornado Realty Trust by 102.1% in the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 38,585 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Vornado Realty Trust by 119.1% in the first quarter. Baird Financial Group Inc. now owns 17,680 shares of the real estate investment trust's stock valued at $654,000 after purchasing an additional 9,610 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Trading Up 2.3%

NYSE VNO traded up $0.97 during trading hours on Friday, hitting $42.98. 1,637,117 shares of the company's stock were exchanged, compared to its average volume of 1,860,548. The stock has a 50-day simple moving average of $38.47 and a 200 day simple moving average of $37.91. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 5.35 and a beta of 1.58. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business had revenue of $441.44 million during the quarter, compared to analysts' expectations of $468.79 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm's revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Scotiabank dropped their target price on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research report on Thursday, August 28th. Barclays increased their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Evercore ISI dropped their target price 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. Truist Financial increased their price target on Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a research note on Friday. Finally, Piper Sandler increased their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $38.45.

Vornado Realty Trust Profile

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