Vornado Realty Trust (NYSE:VNO) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,090 shares of the real estate investment trust's stock after selling 41,711 shares during the period. BNP Paribas Financial Markets owned 0.07% of Vornado Realty Trust worth $4,014,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in Vornado Realty Trust by 5.3% in the 4th quarter. Metis Global Partners LLC now owns 9,886 shares of the real estate investment trust's stock worth $279,000 after acquiring an additional 499 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Vornado Realty Trust by 2.8% during the 3rd quarter. Greenleaf Trust now owns 19,064 shares of the real estate investment trust's stock valued at $432,000 after purchasing an additional 516 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Vornado Realty Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 46,439 shares of the real estate investment trust's stock valued at $1,053,000 after purchasing an additional 628 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Vornado Realty Trust by 1.9% during the 3rd quarter. Wealthspire Advisors LLC now owns 33,928 shares of the real estate investment trust's stock valued at $769,000 after purchasing an additional 638 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Vornado Realty Trust by 3.3% during the 3rd quarter. Signaturefd LLC now owns 20,363 shares of the real estate investment trust's stock valued at $462,000 after purchasing an additional 646 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Down 2.3 %

Vornado Realty Trust stock traded down $0.57 during trading hours on Wednesday, hitting $24.02. The stock had a trading volume of 1,126,236 shares, compared to its average volume of 2,152,566. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $4.58 billion, a P/E ratio of 160.14 and a beta of 1.57. Vornado Realty Trust has a 12-month low of $12.82 and a 12-month high of $32.21. The stock's 50-day moving average price is $26.39 and its 200-day moving average price is $26.28.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VNO. Barclays began coverage on shares of Vornado Realty Trust in a research note on Wednesday, March 27th. They set an "underweight" rating and a $22.00 target price on the stock. Evercore ISI cut their target price on shares of Vornado Realty Trust from $28.00 to $26.00 and set an "underperform" rating on the stock in a research note on Thursday, February 15th. Morgan Stanley raised shares of Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. Scotiabank lowered their price target on shares of Vornado Realty Trust from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Thursday, May 16th. Finally, Compass Point lowered their price target on shares of Vornado Realty Trust from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $24.55.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.