Vornado Realty Trust $VNO Holdings Raised by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Vornado Realty Trust by 36.5% in Q2, bringing its total to 66,337 shares valued at approximately $2.54 million.
• Vornado Realty Trust's most recent earnings report for Q2 showed $0.56 earnings per share, beating estimates, although revenue decreased by 2.0% year-over-year.
• Insider activity included EVP Haim Chera selling 30,000 shares for about $1.19 million earlier this month, indicating active trading among insiders.

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 36.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 66,337 shares of the real estate investment trust's stock after acquiring an additional 17,745 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Vornado Realty Trust were worth $2,537,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Vornado Realty Trust by 18.2% during the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock valued at $208,000 after purchasing an additional 868 shares during the period. Fifth Third Bancorp increased its stake 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 worth $82,000 after purchasing an additional 312 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Vornado Realty Trust by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 105,067 shares of the real estate investment trust's stock valued at $3,885,000 after purchasing an additional 1,617 shares during the last quarter. Friedenthal Financial acquired a new position in Vornado Realty Trust during the 1st quarter worth about $75,000. Finally, Oppenheimer Asset Management Inc. increased its position in Vornado Realty Trust by 3.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 107,619 shares of the real estate investment trust's stock valued at $3,981,000 after buying an additional 3,112 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Insider Activity

In other news, EVP Haim Chera sold 30,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.42% of the stock is currently owned by insiders.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $40.40 on Thursday. The business has a 50 day moving average price of $39.43 and a 200 day moving average price of $38.26. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 4.83 and a beta of 1.59. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share 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 analyst estimates of $468.79 million. During the same period in the previous year, the company posted $0.57 earnings per share. The company'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.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH assumed coverage on Vornado Realty Trust in a research note on Monday. They issued a "buy" rating and a $48.00 target price on the stock. Mizuho cut their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Bank of America decreased 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 report on Monday, August 25th. Evercore ISI raised their price target on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Finally, Citigroup raised shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and upped their target price for the stock from $34.00 to $42.00 in a report on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.42.

About Vornado Realty Trust

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

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