KBC Group NV Sells 65,332 Shares of Vornado Realty Trust (NYSE:VNO)

KBC Group NV lessened its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 89.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,911 shares of the real estate investment trust's stock after selling 65,332 shares during the quarter. KBC Group NV's holdings in Vornado Realty Trust were worth $293,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FIL Ltd acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth $49,000. UMB Bank n.a. increased its stake 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 purchasing an additional 523 shares during the last quarter. Assetmark Inc. increased its stake in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Vornado Realty Trust during the 1st quarter worth $75,000. Finally, Quarry LP increased its stake in shares of Vornado Realty Trust by 55.4% during the 4th 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 and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Trading Down 1.4%

Vornado Realty Trust stock traded down $0.52 during midday trading on Friday, hitting $37.76. 1,145,942 shares of the stock were exchanged, compared to its average volume of 1,615,373. The company has a fifty day simple moving average of $38.62 and a two-hundred day simple moving average of $38.94. Vornado Realty Trust has a 52 week low of $25.87 and a 52 week high of $46.63. The stock has a market capitalization of $7.25 billion, a PE ratio of 72.62, a P/E/G ratio of 13.87 and a beta of 1.50. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81.

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

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president owned 30,000 shares of the company's stock, 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 filing with the SEC, which is available through the SEC website. 8.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VNO. Piper Sandler increased their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Morgan Stanley raised their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Barclays raised their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Finally, Truist Financial raised their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $37.91.

About Vornado Realty Trust

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