1,034,972 Shares in Vornado Realty Trust $VNO Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired over 1 million shares of Vornado Realty Trust in the first quarter, valuing the investment at approximately $38.3 million, representing 0.54% of the company's stock.
• Vornado Realty Trust reported earnings of $0.56 per share for the latest quarter, exceeding analysts' expectations by $0.03, despite a slight decline in revenue year-over-year.
• Analysts have set a consensus price target of $37.80 for Vornado Realty Trust, with differing opinions on the stock, including two sell ratings and several hold ratings.

Nuveen LLC purchased a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,034,972 shares of the real estate investment trust's stock, valued at approximately $38,284,000. Nuveen LLC owned approximately 0.54% of Vornado Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in shares of Vornado Realty Trust during the first quarter worth about $442,000. Invesco Ltd. grew its holdings in Vornado Realty Trust by 34.0% during the first quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust's stock worth $155,476,000 after acquiring an additional 1,067,284 shares during the period. Townsquare Capital LLC increased its stake in Vornado Realty Trust by 37.7% in the 1st quarter. Townsquare Capital LLC now owns 6,886 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 1,886 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Vornado Realty Trust by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 114,663 shares of the real estate investment trust's stock worth $4,241,000 after purchasing an additional 4,867 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Vornado Realty Trust by 21.3% during the first quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust's stock worth $109,228,000 after buying an additional 517,773 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 0.9%

Shares of NYSE:VNO traded down $0.3350 during midday trading on Thursday, reaching $36.3450. 207,612 shares of the company were exchanged, compared to its average volume of 1,433,930. The firm has a market cap of $6.98 billion, a PE ratio of 8.98, a P/E/G ratio of 13.40 and a beta of 1.56. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The stock has a fifty day simple moving average of $38.44 and a two-hundred day simple moving average of $38.22. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $441.44 million for the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VNO. Barclays boosted their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday. Evercore ISI decreased their target price on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Scotiabank lifted their target price on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a report on Monday, July 14th. Piper Sandler upped their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, Truist Financial boosted their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $37.90.

Insiders Place Their Bets

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 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 directly owned 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.42% of the company's stock.

About Vornado Realty Trust

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