Deutsche Bank AG Has $109.23 Million Stake in Vornado Realty Trust (NYSE:VNO)

Key Points

• Deutsche Bank AG increased its holdings in Vornado Realty Trust by 21.3%, acquiring an additional 517,773 shares, bringing its total ownership to approximately 2.95 million shares valued at $109.2 million.
• Vornado Realty Trust stock has seen a decline of 1.8%, with the current stock price opening at $36.91, compared to a 12-month high of $46.63.
• Analysts have varying ratings for Vornado Realty Trust, with the average rating labeled as "Hold" and a consensus target price of $37.80.

Deutsche Bank AG raised its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 21.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,952,900 shares of the real estate investment trust's stock after acquiring an additional 517,773 shares during the quarter. Deutsche Bank AG owned approximately 1.54% of Vornado Realty Trust worth $109,228,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in Vornado Realty Trust by 1.4% during the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock worth $758,000 after acquiring an additional 282 shares during the period. Fifth Third Bancorp grew its position in Vornado Realty Trust by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 312 shares during the last quarter. Vident Advisory LLC raised its position in 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 worth $322,000 after buying an additional 344 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 347 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of Vornado Realty Trust by 1.0% in the first quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock valued at $1,469,000 after acquiring an additional 400 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust 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 sale, the executive vice president directly owned 30,000 shares of the company's stock, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.42% of the company's stock.

Vornado Realty Trust Trading Down 1.6%

Vornado Realty Trust stock traded down $0.60 during trading on Thursday, hitting $37.21. The company's stock had a trading volume of 198,296 shares, compared to its average volume of 1,435,710. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 13.32 and a beta of 1.56. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The stock's fifty day moving average is $38.80 and its 200 day moving average is $38.40.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. During the same quarter in the previous year, the business earned $0.57 EPS. The business's revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank lifted their price objective on Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday, July 14th. Truist Financial lifted their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Piper Sandler increased their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI decreased their target price on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Finally, 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $37.80.

Vornado Realty Trust Company Profile

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