First Pacific Advisors LP Sells 120,891 Shares of Vornado Realty Trust (NYSE:VNO)

First Pacific Advisors LP lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,676,858 shares of the real estate investment trust's stock after selling 120,891 shares during the quarter. Vornado Realty Trust comprises 1.0% of First Pacific Advisors LP's investment portfolio, making the stock its 27th largest holding. First Pacific Advisors LP owned approximately 0.87% of Vornado Realty Trust worth $62,027,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS increased its holdings in Vornado Realty Trust by 3.3% in the 1st quarter. KLP Kapitalforvaltning AS now owns 34,700 shares of the real estate investment trust's stock worth $1,284,000 after acquiring an additional 1,100 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Vornado Realty Trust in the 1st quarter worth about $12,841,000. Y Intercept Hong Kong Ltd boosted its stake in Vornado Realty Trust by 5.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 11,397 shares of the real estate investment trust's stock worth $422,000 after purchasing an additional 597 shares during the period. Allianz Asset Management GmbH boosted its stake in Vornado Realty Trust by 16.0% in the 1st quarter. Allianz Asset Management GmbH now owns 357,108 shares of the real estate investment trust's stock worth $13,209,000 after purchasing an additional 49,286 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Vornado Realty Trust by 208.8% in the 1st quarter. Victory Capital Management Inc. now owns 101,054 shares of the real estate investment trust's stock worth $3,738,000 after purchasing an additional 68,324 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

NYSE:VNO traded up $0.39 during mid-day trading on Friday, reaching $39.94. The stock had a trading volume of 853,967 shares, compared to its average volume of 1,620,844. The firm has a 50 day moving average price of $38.84 and a two-hundred day moving average price of $38.65. The stock has a market capitalization of $7.67 billion, a P/E ratio of 76.80, a P/E/G ratio of 14.31 and a beta of 1.50. Vornado Realty Trust has a one year low of $26.19 and a one year 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 announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The firm had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. As a group, analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insiders Place Their Bets

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 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 owned 30,000 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.42% of the company's stock.

Analyst Ratings Changes

VNO has been the subject of several analyst reports. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Truist Financial raised their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Scotiabank lifted their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a research report on Monday, July 14th. Piper Sandler raised their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Mizuho lowered 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 note on Monday, July 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $38.09.

About Vornado Realty Trust

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