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

Vanderbilt University decreased its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 27.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,200 shares of the real estate investment trust's stock after selling 6,389 shares during the period. Vanderbilt University's holdings in Vornado Realty Trust were worth $636,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Vornado Realty Trust during the 1st quarter worth about $2,151,000. Handelsbanken Fonder AB boosted its holdings in shares of Vornado Realty Trust by 20.7% during the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock worth $1,898,000 after buying an additional 8,800 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $235,000. Assetmark Inc. boosted its holdings in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after buying an additional 286 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Vornado Realty Trust by 6.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust's stock worth $9,321,000 after buying an additional 12,780 shares during the period. Institutional investors own 90.02% of the company's stock.

Analysts Set New Price Targets

VNO has been the subject of several research 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. Morgan Stanley lifted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Piper Sandler lifted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Barclays lifted their price objective 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. Finally, Truist Financial lifted their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $37.91.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $40.48 on Friday. The firm has a 50 day moving average of $37.79 and a 200-day moving average of $39.42. The stock has a market capitalization of $7.77 billion, a PE ratio of 77.84, a PEG ratio of 14.91 and a beta of 1.52. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 12 month low of $24.76 and a 12 month high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The company 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%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. On average, equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Activity

In related news, EVP Haim Chera sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.42% of the company's stock.

Vornado Realty Trust Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.