Vornado Realty Trust (NYSE:VNO) Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and 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 approximately 0.69% of Vornado Realty Trust worth $49,345,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of 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. Fifth Third Bancorp grew its position in shares of Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 312 shares during the period. Vident Advisory LLC grew its position in shares of Vornado Realty Trust by 4.7% during the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock valued at $322,000 after acquiring an additional 344 shares during the period. Mariner LLC grew its position in shares of Vornado Realty Trust by 0.9% during the 4th quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust's stock valued at $1,903,000 after acquiring an additional 404 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Vornado Realty Trust by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,058 shares of the real estate investment trust's stock valued at $3,240,000 after buying an additional 480 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Stock Performance

NYSE:VNO traded down $0.84 during mid-day trading on Thursday, reaching $38.41. The stock had a trading volume of 2,546,471 shares, compared to its average volume of 1,622,025. Vornado Realty Trust has a twelve month low of $26.19 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 $7.37 billion, a price-to-earnings ratio of 73.87, a PEG ratio of 14.34 and a beta of 1.50. The business has a 50 day simple moving average of $38.85 and a 200 day simple moving average of $38.74.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VNO. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Piper Sandler lifted 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 report on Friday, May 23rd. Scotiabank lifted their target price on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday. Truist Financial boosted their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Finally, Mizuho dropped their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vornado Realty Trust has a consensus rating of "Hold" and an average target price of $38.09.

Vornado Realty Trust Company Profile

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