Vornado Realty Trust $VNO Holdings Decreased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM reduced its stake in Vornado Realty Trust by 2.2%, retaining 1,145,176 shares valued at approximately $42.36 million.
• Institutional investors now collectively own 90.02% of Vornado Realty Trust, indicating strong institutional confidence in the company.
• Vornado Realty Trust's stock has seen a 12-month price range between $29.68 and $46.63, with recent earnings showing EPS of $0.56, surpassing analyst expectations.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,145,176 shares of the real estate investment trust's stock after selling 25,591 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.60% of Vornado Realty Trust worth $42,360,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Twin Tree Management LP boosted its holdings in shares of Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 38,585 shares during the last quarter. UMB Bank n.a. increased its position 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 purchasing an additional 523 shares during the last quarter. Assetmark Inc. increased its position in Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 347 shares during the last quarter. Friedenthal Financial acquired a new stake in Vornado Realty Trust during the first quarter worth about $75,000. Finally, Fifth Third Bancorp increased its position in shares of Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.42% of the company's stock.

Vornado Realty Trust Stock Down 1.1%

Shares of VNO stock traded down $0.45 during mid-day trading on Friday, reaching $41.47. 6,274,347 shares of the company were exchanged, compared to its average volume of 1,952,461. The business's 50 day simple moving average is $38.85 and its 200 day simple moving average is $37.97. 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 market capitalization of $7.96 billion, a P/E ratio of 10.26, a P/E/G ratio of 5.28 and a beta of 1.58. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The firm had revenue of $441.44 million for the quarter, compared to analysts' expectations of $468.79 million. During the same period last year, the business posted $0.57 earnings per share. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VNO. Barclays lifted their price target on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Mizuho reduced their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Bank of America reduced their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Evercore ISI upped their price target on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Piper Sandler boosted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust has a consensus rating of "Hold" and a consensus target price of $38.64.

Vornado Realty Trust Profile

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