Vanguard Group Inc. Sells 895,513 Shares of Vornado Realty Trust (NYSE:VNO)

Key Points

• Vanguard Group Inc. has decreased its position in Vornado Realty Trust (NYSE:VNO) by 3.6%, now owning approximately 12.42% of the company with a stake worth about $881.7 million.
• Other institutional investors, including Deutsche Bank AG and Northern Trust Corp, have significantly increased their holdings in Vornado, indicating ongoing institutional interest in the real estate investment trust.
• Vornado Realty Trust reported earnings of $0.56 per share in its latest quarterly results, exceeding expectations, but shown revenue down 2.0% year-over-year at $441.44 million.

Vanguard Group Inc. decreased its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,836,195 shares of the real estate investment trust's stock after selling 895,513 shares during the period. Vanguard Group Inc. owned 12.42% of Vornado Realty Trust worth $881,701,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Vornado Realty Trust by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after acquiring an additional 278,409 shares during the last quarter. Northern Trust Corp lifted its position in Vornado Realty Trust by 98.3% during the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock worth $115,237,000 after acquiring an additional 1,358,498 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Vornado Realty Trust by 32.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust's stock worth $96,022,000 after acquiring an additional 632,721 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Vornado Realty Trust by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,501,788 shares of the real estate investment trust's stock worth $105,173,000 after acquiring an additional 15,921 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in Vornado Realty Trust by 27.8% during the 4th quarter. Bamco Inc. NY now owns 2,443,712 shares of the real estate investment trust's stock worth $102,734,000 after acquiring an additional 531,353 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Insider Transactions at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the stock in a transaction dated 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 owned 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.42% of the stock is owned by company insiders.

Vornado Realty Trust Price Performance

NYSE:VNO traded down $0.74 during mid-day trading on Thursday, hitting $37.07. The company's stock had a trading volume of 718,941 shares, compared to its average volume of 1,439,213. 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 current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 13.32 and a beta of 1.56. The stock has a fifty day moving average of $38.80 and a 200-day moving average of $38.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results 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 net margin of 48.49% and a return on equity of 19.64%. The firm had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. The company's quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VNO. Truist Financial boosted their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Scotiabank upped their price objective on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a research report on Monday, July 14th. Mizuho cut 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. Finally, Evercore ISI cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $37.80.

About Vornado Realty Trust

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