Hilltop National Bank Buys Shares of 6,170 Vornado Realty Trust $VNO

Key Points

• Hilltop National Bank has acquired 6,170 shares of Vornado Realty Trust, valued at approximately $236,000, during the second quarter.
• Several institutional investors, including Invesco Ltd. and Deutsche Bank AG, have significantly increased their stakes in Vornado Realty Trust in the first quarter of the year.
• Analyst reports show varied ratings for Vornado Realty Trust with two analysts rating it as a Buy, while the stock has an average consensus target price of $38.64.

Hilltop National Bank acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,170 shares of the real estate investment trust's stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also modified their holdings of VNO. Invesco Ltd. lifted its stake in shares of Vornado Realty Trust by 34.0% during the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust's stock worth $155,476,000 after purchasing an additional 1,067,284 shares during the period. Deutsche Bank AG lifted its position in Vornado Realty Trust by 21.3% during the first quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust's stock worth $109,228,000 after buying an additional 517,773 shares during the period. Northern Trust Corp lifted its position in Vornado Realty Trust by 1.8% during the first quarter. Northern Trust Corp now owns 2,790,326 shares of the real estate investment trust's stock worth $103,214,000 after buying an additional 49,197 shares during the period. Earnest Partners LLC lifted its position in Vornado Realty Trust by 3.3% during the first quarter. Earnest Partners LLC now owns 2,666,190 shares of the real estate investment trust's stock worth $98,622,000 after buying an additional 86,000 shares during the period. Finally, Centersquare Investment Management LLC lifted its position in Vornado Realty Trust by 32.2% during the first quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust's stock worth $96,022,000 after buying an additional 632,721 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Analyst Upgrades and Downgrades

VNO has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Bank of America cut their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Scotiabank cut their price target on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Barclays increased their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Finally, Mizuho cut their target price on 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. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and a consensus price target of $38.64.

Insider Activity at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $40.97 on Friday. The company's fifty day simple moving average is $39.20 and its 200-day simple moving average is $38.19. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $46.63. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The company has a market cap of $7.87 billion, a PE ratio of 10.14, a P/E/G ratio of 4.99 and a beta of 1.59.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company had revenue of $441.44 million for the quarter, compared to analyst estimates of $468.79 million. During the same period last year, the company posted $0.57 earnings per share. The firm's revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Profile

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

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