Voya Investment Management LLC Sells 23,986 Shares of Vornado Realty Trust $VNO

Voya Investment Management LLC reduced its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 52.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,881 shares of the real estate investment trust's stock after selling 23,986 shares during the quarter. Voya Investment Management LLC's holdings in Vornado Realty Trust were worth $809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Twin Tree Management LP grew its stake in Vornado Realty Trust by 102.1% in the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 38,585 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 523 shares during the last quarter. Assetmark Inc. increased its stake in shares of 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 valued at $68,000 after purchasing an additional 347 shares during the last quarter. Friedenthal Financial bought a new stake in Vornado Realty Trust during the 1st quarter worth $75,000. Finally, Fifth Third Bancorp grew its position in Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $41.01 on Thursday. The company has a 50-day simple moving average of $39.01 and a two-hundred day simple moving average of $38.01. Vornado Realty Trust has a one year low of $29.68 and a one year high of $46.63. The firm has a market capitalization of $7.88 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 5.07 and a beta of 1.58. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82.

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, beating 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 period last year, the business earned $0.57 earnings per share. The business's revenue was down 2.0% on a year-over-year basis. On average, analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust 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 the SEC website. Company insiders own 8.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VNO shares. Citigroup raised Vornado Realty Trust from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $34.00 to $42.00 in a research note on Friday, September 12th. Mizuho decreased their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Evercore ISI upped their target price on Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Scotiabank dropped their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Finally, Barclays increased their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.64.

Vornado Realty Trust Company Profile

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

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