First Trust Advisors LP Sells 51,800 Shares of Vornado Realty Trust (NYSE:VNO)

First Trust Advisors LP reduced its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,763 shares of the real estate investment trust's stock after selling 51,800 shares during the period. First Trust Advisors LP's holdings in Vornado Realty Trust were worth $2,218,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Vornado Realty Trust in the 4th quarter valued at about $729,073,000. Franklin Resources Inc. lifted its holdings in Vornado Realty Trust by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock worth $500,263,000 after purchasing an additional 792,100 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after purchasing an additional 3,575,593 shares during the last quarter. Invesco Ltd. grew its holdings in Vornado Realty Trust by 111.3% in the 4th quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock valued at $131,833,000 after buying an additional 1,651,819 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Vornado Realty Trust by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust's stock worth $131,686,000 after buying an additional 25,209 shares during the period. 90.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VNO shares. StockNews.com cut shares of Vornado Realty Trust from a "hold" rating to a "sell" rating in a research report on Wednesday. Morgan Stanley increased their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Compass Point lifted their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Barclays increased their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, March 14th. Finally, Piper Sandler dropped their price objective on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Price Performance

NYSE:VNO traded up $0.11 during trading hours on Friday, hitting $38.84. The company's stock had a trading volume of 1,057,545 shares, compared to its average volume of 1,631,425. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The stock has a fifty day simple moving average of $36.29 and a 200-day simple moving average of $40.10. The company has a market capitalization of $7.46 billion, a P/E ratio of 971.00, a PEG ratio of 9.69 and a beta of 1.47.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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