Vornado Realty Trust (NYSE:VNO) Shares Sold by New Age Alpha Advisors LLC

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 decreased its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 68.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. raised its position in Vornado Realty Trust by 111.3% in the 4th quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock valued at $131,833,000 after purchasing an additional 1,651,819 shares during the last quarter. Deutsche Bank AG lifted its holdings in Vornado Realty Trust by 180.7% in the 4th quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust's stock valued at $102,373,000 after purchasing an additional 1,567,742 shares in the last quarter. Northern Trust Corp lifted its holdings in Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock valued at $115,237,000 after purchasing an additional 1,358,498 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth about $28,651,000. Finally, Bamco Inc. NY raised its position in shares of Vornado Realty Trust by 27.8% in the 4th quarter. Bamco Inc. NY now owns 2,443,712 shares of the real estate investment trust's stock worth $102,734,000 after buying an additional 531,353 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Insider Buying and Selling

In other news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. 8.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VNO. Evercore ISI cut their price target on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Scotiabank raised their price target on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday, July 14th. Piper Sandler raised their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Mizuho dropped their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $37.80.

Vornado Realty Trust Stock Up 1.4%

Shares of VNO stock traded up $0.52 during mid-day trading on Tuesday, reaching $36.43. 207,302 shares of the company were exchanged, compared to its average volume of 1,440,100. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The company has a market capitalization of $7.00 billion, a P/E ratio of 9.02, a P/E/G ratio of 13.35 and a beta of 1.56. The business's 50 day simple moving average is $38.87 and its 200 day simple moving average is $38.41.

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, topping analysts' consensus estimates of $0.53 by $0.03. The firm 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 was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. Research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Profile

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