Handelsbanken Fonder AB Has $1.90 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Handelsbanken Fonder AB boosted its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 20.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,300 shares of the real estate investment trust's stock after purchasing an additional 8,800 shares during the quarter. Handelsbanken Fonder AB's holdings in Vornado Realty Trust were worth $1,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. FIL Ltd bought a new position in Vornado Realty Trust in the 4th quarter valued at about $49,000. UMB Bank n.a. boosted its position in shares of Vornado Realty Trust by 67.7% during the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 523 shares in the last quarter. Assetmark Inc. increased its stake 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 acquiring an additional 286 shares during the last quarter. Blue Trust Inc. raised its position in Vornado Realty Trust by 61.6% during the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 677 shares in the last quarter. Finally, Quarry LP lifted its stake in Vornado Realty Trust by 55.4% during the fourth quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 761 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VNO shares. The Goldman Sachs Group lifted their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, February 25th. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. 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 report on Friday, May 23rd. Morgan Stanley boosted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. Finally, Truist Financial increased 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. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.91.

Insider Activity

In related news, EVP Haim Chera sold 20,000 shares of the firm'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 transaction of $759,600.00. Following the completion of the sale, the executive vice president now owns 30,000 shares of the company's stock, valued at $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Trading Up 0.2%

Shares of Vornado Realty Trust stock traded up $0.08 during trading on Wednesday, hitting $40.56. The company's stock had a trading volume of 819,305 shares, compared to its average volume of 1,584,140. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 77.87, a price-to-earnings-growth ratio of 15.03 and a beta of 1.52. Vornado Realty Trust has a 52 week low of $24.76 and a 52 week high of $46.63. The stock has a 50-day moving average price of $37.53 and a two-hundred day moving average price of $39.42. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its 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. The firm had revenue of $461.58 million for 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 business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. Equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Profile

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