Vornado Realty Trust (NYSE:VNO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,032,971 shares of the real estate investment trust's stock after selling 363,580 shares during the quarter. Principal Financial Group Inc. owned about 3.14% of Vornado Realty Trust worth $223,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Vornado Realty Trust by 67.7% during the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 523 shares during the period. FIL Ltd acquired a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $49,000. Assetmark Inc. increased its position in shares of Vornado Realty Trust by 23.8% in the fourth 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 in the last quarter. Friedenthal Financial acquired a new position in shares of Vornado Realty Trust during the 1st quarter worth approximately $75,000. Finally, Fifth Third Bancorp lifted its position in shares of Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Trading Down 1.4%

Shares of VNO traded down $0.52 during midday trading on Friday, reaching $37.76. The company had a trading volume of 1,145,942 shares, compared to its average volume of 1,615,959. Vornado Realty Trust has a 1-year low of $25.67 and a 1-year high of $46.63. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $38.58 and a 200-day simple moving average of $39.00. The stock has a market cap of $7.25 billion, a PE ratio of 72.62, a price-to-earnings-growth ratio of 14.06 and a beta of 1.50.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Vornado Realty Trust's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. Research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VNO has been the topic of several recent analyst reports. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Piper Sandler boosted their price objective on 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 lifted their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Morgan Stanley increased their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and an average price target of $37.91.

Insider Activity

In related news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value 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 represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.42% of the stock is owned by corporate insiders.

Vornado Realty Trust Company Profile

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