Vornado Realty Trust (NYSE:VNO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 19.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,539 shares of the real estate investment trust's stock after selling 56,387 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Vornado Realty Trust worth $8,454,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VNO. UMB Bank n.a. raised its position in Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 523 shares during the period. FIL Ltd purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $49,000. Friedenthal Financial purchased a new stake in shares of Vornado Realty Trust during the 1st quarter valued at about $75,000. Fifth Third Bancorp lifted its position in 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 worth $82,000 after acquiring an additional 312 shares in the last quarter. Finally, Quarry LP boosted its holdings in Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 761 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Performance

VNO stock traded down $0.35 during midday trading on Thursday, reaching $39.90. The company had a trading volume of 364,667 shares, compared to its average volume of 1,433,330. 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 stock has a 50 day moving average price of $38.84 and a 200 day moving average price of $38.66. The firm has a market capitalization of $7.66 billion, a PE ratio of 76.79, a P/E/G ratio of 14.41 and a beta of 1.50. Vornado Realty Trust has a fifty-two week low of $26.19 and a fifty-two week high of $46.63.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VNO. Mizuho reduced their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Piper Sandler upped their price objective 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. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Scotiabank boosted their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Finally, Truist Financial raised their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of "Hold" and a consensus price target of $38.09.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were 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 owned 30,000 shares in the company, valued at approximately $1,139,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is owned by insiders.

About Vornado Realty Trust

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