Vornado Realty Trust $VNO Position Trimmed by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Vornado Realty Trust by 11.7%, now holding approximately 169,210 shares valued at around $6.46 million.
• Analyst ratings for Vornado Realty Trust show a mixed outlook, with a consensus rating of "Hold" and a price target averaging $39.42, amid price objective adjustments from several firms.
• Vornado Realty Trust reported a net margin of 48.49% and an earnings per share of $0.56 for the last quarter, slightly above analysts' estimates, though revenue decreased by 2.0% year-over-year.

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 11.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,210 shares of the real estate investment trust's stock after selling 22,394 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of Vornado Realty Trust worth $6,464,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in VNO. GAMMA Investing LLC boosted its holdings in Vornado Realty Trust by 18.2% during the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock worth $208,000 after buying an additional 868 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Vornado Realty Trust by 3.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 107,619 shares of the real estate investment trust's stock worth $3,981,000 after buying an additional 3,112 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Vornado Realty Trust by 1.3% during the first quarter. Asset Management One Co. Ltd. now owns 248,300 shares of the real estate investment trust's stock worth $9,185,000 after buying an additional 3,243 shares in the last quarter. Diversified Trust Co acquired a new position in Vornado Realty Trust in the 1st quarter worth approximately $719,000. Finally, Illinois Municipal Retirement Fund boosted its stake in Vornado Realty Trust by 66.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 44,831 shares of the real estate investment trust's stock worth $1,658,000 after purchasing an additional 17,920 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VNO has been the subject of a number of recent analyst reports. 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 research note on Monday, August 25th. Scotiabank decreased their price objective on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Citigroup raised shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $34.00 to $42.00 in a research note on Friday, September 12th. Evercore ISI raised their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Finally, Truist Financial raised their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a research note on Friday, September 12th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $39.42.

Vornado Realty Trust Stock Down 0.8%

VNO stock opened at $39.19 on Monday. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 4.76 and a beta of 1.59. The company has a 50 day moving average of $39.52 and a two-hundred day moving average of $38.32.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company's revenue was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.42% of the stock is currently owned by insiders.

About Vornado Realty Trust

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

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