Price T Rowe Associates Inc. MD Trims Stock Position in Vornado Realty Trust $VNO

Key Points

• Price T Rowe Associates Inc. MD reduced its holdings in Vornado Realty Trust by 16.5%, owning 7,425,837 shares after selling 1,462,612 shares in the first quarter.
• Deutsche Bank AG significantly increased its position by 180.7% in the fourth quarter, now holding 2,435,127 shares valued at $102,373,000.
• Vornado Realty Trust reported a revenue decline of 2.0% year-over-year, with earnings per share of $0.56, exceeding estimates but lower than the previous year's earnings of $0.57.

Price T Rowe Associates Inc. MD decreased its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 16.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,425,837 shares of the real estate investment trust's stock after selling 1,462,612 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.87% of Vornado Realty Trust worth $274,683,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Vornado Realty Trust by 1.4% in the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock worth $758,000 after purchasing an additional 282 shares in the last quarter. Fifth Third Bancorp boosted its stake in Vornado Realty Trust by 16.4% in the 1st 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 in the last quarter. Vident Advisory LLC boosted its stake in Vornado Realty Trust by 4.7% in the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after purchasing an additional 344 shares in the last quarter. Assetmark Inc. boosted its stake in Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 347 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in Vornado Realty Trust by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock worth $1,469,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, 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 position. 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.

Analyst Ratings Changes

A number of brokerages recently issued reports on VNO. Barclays upped their price target on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, August 21st. Mizuho dropped their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Scotiabank boosted their target price on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Monday, July 14th. Evercore ISI decreased their target price on 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. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $38.40.

Vornado Realty Trust Stock Performance

NYSE:VNO traded up $0.68 during mid-day trading on Wednesday, reaching $37.69. The company's stock had a trading volume of 1,816,910 shares, compared to its average volume of 1,469,645. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63. The firm's fifty day moving average price is $38.17 and its two-hundred day moving average price is $38.04. 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 stock has a market cap of $7.24 billion, a P/E ratio of 9.33, a PEG ratio of 13.57 and a beta of 1.56.

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

Vornado Realty Trust Profile

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