KBC Group NV Cuts Holdings in Vornado Realty Trust (NYSE:VNO)

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

Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Vornado Realty Trust during the fourth quarter valued at $729,073,000. Franklin Resources Inc. raised its stake in Vornado Realty Trust by 7.1% during the fourth quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock worth $500,263,000 after buying an additional 792,100 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Vornado Realty Trust by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after buying an additional 278,409 shares during the last quarter. Invesco Ltd. raised its stake in Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock worth $131,833,000 after buying an additional 1,651,819 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Vornado Realty Trust by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust's stock worth $131,686,000 after buying an additional 25,209 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Up 0.5%

Shares of NYSE VNO traded up $0.18 during mid-day trading on Wednesday, reaching $37.82. 1,498,279 shares of the company's stock traded hands, compared to its average volume of 1,619,576. The stock has a market cap of $7.26 billion, a P/E ratio of 72.73, a PEG ratio of 13.83 and a beta of 1.50. The business has a 50-day simple moving average of $38.74 and a 200 day simple moving average of $38.88. Vornado Realty Trust has a 1-year low of $26.09 and a 1-year high of $46.63. 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 issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $461.58 million during the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The business's revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Activity

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VNO. Truist Financial lifted their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Barclays lifted their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Morgan Stanley lifted 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. Piper Sandler raised their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $37.91.

Vornado Realty Trust Profile

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