New Age Alpha Advisors LLC Sells 66,562 Shares of Vornado Realty Trust (NYSE:VNO)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Vornado Realty Trust by 68.1% during the first quarter, now holding only 31,217 shares valued at approximately $1.15 million.
• Several institutional investors, including Price T Rowe Associates and Invesco Ltd., increased their stakes in Vornado Realty Trust during the fourth quarter, indicating a significant interest from institutional investors, which now own 90.02% of the stock.
• Vornado Realty Trust reported a Q2 EPS of $0.56, beating expectations slightly, but revenue was down 2% year-over-year, indicating potential challenges ahead for the firm.

New Age Alpha Advisors LLC cut its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 68.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,217 shares of the real estate investment trust's stock after selling 66,562 shares during the quarter. New Age Alpha Advisors LLC's holdings in Vornado Realty Trust were worth $1,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 278,409 shares in the last quarter. Invesco Ltd. boosted 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 acquiring an additional 1,651,819 shares in the last quarter. Northern Trust Corp boosted its stake in Vornado Realty Trust by 98.3% during the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock worth $115,237,000 after acquiring an additional 1,358,498 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vornado Realty Trust by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,501,788 shares of the real estate investment trust's stock worth $105,173,000 after acquiring an additional 15,921 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in Vornado Realty Trust by 27.8% during the fourth quarter. Bamco Inc. NY now owns 2,443,712 shares of the real estate investment trust's stock worth $102,734,000 after acquiring an additional 531,353 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the sale, the executive vice president owned 30,000 shares in the company, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.42% of the stock is currently owned by corporate insiders.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $37.58 on Friday. The firm has a 50-day moving average of $38.92 and a 200-day moving average of $38.53. The company has a market cap of $7.22 billion, a P/E ratio of 9.30, a P/E/G ratio of 13.67 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 4.10. Vornado Realty Trust has a one year low of $29.68 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results 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. The company had revenue of $441.44 million during the quarter, compared to the consensus estimate 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 for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. Equities research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

VNO has been the topic of several research analyst reports. Evercore ISI cut their target price on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Wednesday. Piper Sandler increased their target price 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. Truist Financial upped their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Scotiabank upped their price objective on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a report on Monday, July 14th. Two equities 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 MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.00.

Vornado Realty Trust Profile

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

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