Diversified Trust Co Buys New Stake in Vornado Realty Trust (NYSE:VNO)

Diversified Trust Co purchased a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,432 shares of the real estate investment trust's stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in Vornado Realty Trust by 1.3% in the first quarter. Asset Management One Co. Ltd. now owns 248,300 shares of the real estate investment trust's stock valued at $9,185,000 after purchasing an additional 3,243 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Vornado Realty Trust by 3.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 107,619 shares of the real estate investment trust's stock valued at $3,981,000 after purchasing an additional 3,112 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Vornado Realty Trust during the 1st quarter worth approximately $75,000. State of Alaska Department of Revenue boosted its stake in shares of Vornado Realty Trust by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 105,067 shares of the real estate investment trust's stock valued at $3,885,000 after buying an additional 1,617 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the sale, the executive vice president now directly owns 30,000 shares of the company's stock, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.42% of the stock is currently owned by insiders.

Vornado Realty Trust Stock Up 3.0%

VNO opened at $38.24 on Monday. Vornado Realty Trust has a 12 month low of $25.36 and a 12 month high of $46.63. The business has a 50-day moving average of $38.28 and a two-hundred day moving average of $39.10. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 73.54, a price-to-earnings-growth ratio of 14.09 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. Vornado Realty Trust's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

VNO has been the subject of a number of recent analyst reports. Barclays raised their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Morgan Stanley raised their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Truist Financial increased their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Finally, Piper Sandler lifted 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of "Hold" and an average target price of $37.91.

Vornado Realty Trust Company Profile

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

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