Nuveen Asset Management LLC Sells 57,216 Shares of Vornado Realty Trust (NYSE:VNO)

Nuveen Asset Management LLC lessened its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 999,403 shares of the real estate investment trust's stock after selling 57,216 shares during the quarter. Nuveen Asset Management LLC owned 0.52% of Vornado Realty Trust worth $42,015,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 268 shares during the period. FIL Ltd bought a new position in Vornado Realty Trust in the fourth quarter valued at about $49,000. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Vornado Realty Trust by 61.6% during the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 677 shares during the last quarter. Finally, Quarry LP raised its position in 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 own 90.02% of the company's stock.

Vornado Realty Trust Stock Down 1.2%

VNO stock opened at $39.17 on Tuesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 979.25, a PEG ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a fifty day moving average of $36.43 and a 200-day moving average of $39.93.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The firm had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same period last year, the company earned $0.55 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

VNO has been the subject of several analyst reports. Barclays raised their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Morgan Stanley boosted their target price on 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. Piper Sandler decreased their price target on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Finally, Compass Point upped their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. 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 company. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Profile

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

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