Diversified Trust Co bought a new position in Vornado Realty Trust (NYSE:VNO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 19,432 shares of the real estate investment trust's stock, valued at approximately $719,000.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Vornado Realty Trust in the 1st quarter worth approximately $2,151,000. Handelsbanken Fonder AB lifted its position in Vornado Realty Trust by 20.7% during the first quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock worth $1,898,000 after buying an additional 8,800 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Vornado Realty Trust during the fourth quarter worth $235,000. Assetmark Inc. raised its position in Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 286 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Vornado Realty Trust by 6.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust's stock worth $9,321,000 after acquiring an additional 12,780 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.
Insiders Place Their Bets
In other news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction dated 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 $1,139,400. This represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.42% of the company's stock.
Vornado Realty Trust Stock Performance
Vornado Realty Trust stock traded down $0.52 during mid-day trading on Thursday, reaching $37.76. The company had a trading volume of 1,145,942 shares, compared to its average volume of 1,611,669. Vornado Realty Trust has a 52 week low of $25.67 and a 52 week high of $46.63. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 14.06 and a beta of 1.50. The company has a 50 day moving average of $38.53 and a 200-day moving average of $39.05.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The firm 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%. The business's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Truist Financial boosted their price objective 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. Barclays increased their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Piper Sandler raised their price target 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. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Two equities 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 company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $37.91.
Read Our Latest Stock Analysis on Vornado Realty Trust
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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