Bank of New York Mellon Corp Sells 46,788 Shares of Vornado Realty Trust (NYSE:VNO)

Bank of New York Mellon Corp lessened its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,334,005 shares of the real estate investment trust's stock after selling 46,788 shares during the period. Bank of New York Mellon Corp owned about 0.69% of Vornado Realty Trust worth $49,345,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Vornado Realty Trust during the 1st quarter worth approximately $2,151,000. Handelsbanken Fonder AB lifted its holdings in shares of Vornado Realty Trust by 20.7% in the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock worth $1,898,000 after purchasing an additional 8,800 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth approximately $876,000. GAMMA Investing LLC increased its position in Vornado Realty Trust by 18.2% in the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock valued at $208,000 after acquiring an additional 868 shares during the period. Finally, Assetmark Inc. increased its position 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. Institutional investors own 90.02% of the company's stock.

Insider Activity at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.42% of the stock is currently owned by corporate insiders.

Vornado Realty Trust Trading Up 1.9%

Shares of VNO traded up $0.74 during trading hours on Wednesday, reaching $39.27. The stock had a trading volume of 1,334,261 shares, compared to its average volume of 1,613,097. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 52 week low of $26.19 and a 52 week high of $46.63. The firm has a 50-day moving average of $38.85 and a 200 day moving average of $38.76. The company has a market cap of $7.54 billion, a P/E ratio of 75.42, a P/E/G ratio of 14.16 and a beta of 1.50.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VNO shares. Piper Sandler lifted their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Scotiabank raised their price objective on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Monday. Truist Financial raised their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Mizuho decreased their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $38.09.

Vornado Realty Trust Profile

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