IFM Investors Pty Ltd Sells 6,888 Shares of Vornado Realty Trust $VNO

Key Points

• IFM Investors Pty Ltd has reduced its stake in Vornado Realty Trust by 19.4%, selling 6,888 shares and now holds 28,576 shares valued at about $1.09 million.
• Institutional investors collectively own 90.02% of Vornado Realty Trust's stock, indicating a strong interest from large investment firms.
• Vornado Realty Trust received mixed ratings from analysts, with target price adjustments that range from $33.00 to $46.00 after various disagreements on the stock's performance outlook.

IFM Investors Pty Ltd lowered its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,576 shares of the real estate investment trust's stock after selling 6,888 shares during the period. IFM Investors Pty Ltd's holdings in Vornado Realty Trust were worth $1,093,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in VNO. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Vornado Realty Trust by 11.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,293 shares of the real estate investment trust's stock valued at $502,000 after purchasing an additional 1,397 shares in the last quarter. Parallel Advisors LLC raised its holdings in Vornado Realty Trust by 6.3% in the second quarter. Parallel Advisors LLC now owns 9,396 shares of the real estate investment trust's stock worth $359,000 after buying an additional 557 shares during the last quarter. First National Bank Sioux Falls raised its holdings in Vornado Realty Trust by 7.4% in the second quarter. First National Bank Sioux Falls now owns 15,710 shares of the real estate investment trust's stock worth $601,000 after buying an additional 1,089 shares during the last quarter. Strs Ohio purchased a new position in shares of Vornado Realty Trust during the first quarter valued at approximately $1,175,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Vornado Realty Trust during the first quarter valued at approximately $3,341,000. Institutional investors own 90.02% of the company's stock.

Analyst Upgrades and Downgrades

VNO has been the subject of several recent research reports. Citigroup upgraded shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and boosted their target price for the company from $34.00 to $42.00 in a research report on Friday, September 12th. Truist Financial upped their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a research report on Friday, September 12th. Evercore ISI upped their price target on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Bank of America reduced their target price 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. Finally, Barclays increased their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.64.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $41.79 on Tuesday. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 5.25 and a beta of 1.58. The company has a 50 day moving average price of $38.91 and a 200-day moving average price of $37.97. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. Equities research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Buying and Selling

In related news, EVP Haim Chera sold 30,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Company Profile

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

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