Cerity Partners LLC Sells 25,918 Shares of Vornado Realty Trust (NYSE:VNO)

Cerity Partners LLC lessened its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 49.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,499 shares of the real estate investment trust's stock after selling 25,918 shares during the period. Cerity Partners LLC's holdings in Vornado Realty Trust were worth $980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mutual Advisors LLC acquired a new position in Vornado Realty Trust during the 1st quarter worth approximately $201,000. Teacher Retirement System of Texas acquired a new position in Vornado Realty Trust during the 1st quarter worth approximately $876,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Vornado Realty Trust by 9.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,892 shares of the real estate investment trust's stock worth $1,291,000 after purchasing an additional 2,986 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Vornado Realty Trust by 1.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,243 shares of the real estate investment trust's stock worth $6,741,000 after purchasing an additional 2,198 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in Vornado Realty Trust by 66.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 44,831 shares of the real estate investment trust's stock worth $1,658,000 after purchasing an additional 17,920 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Analysts Set New Price Targets

VNO has been the topic of several analyst reports. 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 report on Tuesday, June 3rd. Scotiabank boosted their price target on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Mizuho cut their price target 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. Finally, Piper Sandler boosted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.09.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the transaction, the executive vice president directly owned 30,000 shares in the company, valued at $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Stock Performance

VNO opened at $39.82 on Wednesday. The company has a market cap of $7.64 billion, a PE ratio of 76.57, a price-to-earnings-growth ratio of 14.09 and a beta of 1.50. The stock has a 50-day moving average of $38.82 and a 200-day moving average of $38.65. Vornado Realty Trust has a 52-week low of $26.19 and a 52-week 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.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. Vornado Realty Trust's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. As a group, 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.

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