Vanderbilt University Sells 6,389 Shares of Vornado Realty Trust (NYSE:VNO)

Vanderbilt University lessened its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,200 shares of the real estate investment trust's stock after selling 6,389 shares during the quarter. Vanderbilt University's holdings in Vornado Realty Trust were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VNO. Van ECK Associates Corp increased its stake in Vornado Realty Trust by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 79,129 shares of the real estate investment trust's stock valued at $3,327,000 after acquiring an additional 1,335 shares during the last quarter. Blue Trust Inc. increased its stake in Vornado Realty Trust by 61.6% in 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. Principal Securities Inc. increased its stake in Vornado Realty Trust by 32.7% in the fourth quarter. Principal Securities Inc. now owns 3,107 shares of the real estate investment trust's stock valued at $131,000 after acquiring an additional 765 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Vornado Realty Trust by 17.6% in the fourth quarter. Sanctuary Advisors LLC now owns 18,365 shares of the real estate investment trust's stock valued at $782,000 after acquiring an additional 2,746 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after acquiring an additional 324 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Trading Down 1.7%

Shares of NYSE VNO traded down $0.68 during trading hours on Monday, hitting $39.64. The company's stock had a trading volume of 2,534,910 shares, compared to its average volume of 1,586,613. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 76.22, a P/E/G ratio of 14.84 and a beta of 1.52. Vornado Realty Trust has a 12 month low of $24.76 and a 12 month high of $46.63. The business has a 50-day simple moving average of $38.04 and a 200-day simple moving average of $39.31.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results 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 company had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. Vornado Realty Trust's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. On average, analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VNO shares. Morgan Stanley raised 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. Piper Sandler lifted their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Barclays lifted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and a consensus target price of $37.91.

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the sale, the executive vice president now directly owns 30,000 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 8.42% of the stock is owned by insiders.

Vornado Realty Trust Profile

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