Vornado Realty Trust (NYSE:VNO) EVP Sells $1,189,200.00 in Stock

Key Points

• Haim Chera, EVP of Vornado Realty Trust, sold 30,000 shares for a total of $1,189,200 at an average price of $39.64 on September 4th.
• Vornado Realty Trust's stock has decreased by 1.4%, trading at $40.70, with a market capitalization of $7.82 billion.
• Institutional investors own 90.02% of Vornado Realty Trust’s stock, with significant recent activity from major firms like JPMorgan and Norges Bank.

Vornado Realty Trust (NYSE:VNO - Get Free Report) EVP Haim Chera sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vornado Realty Trust Stock Down 1.4%

Vornado Realty Trust stock traded down $0.59 during trading hours on Monday, hitting $40.70. The company had a trading volume of 2,098,510 shares, compared to its average volume of 1,500,360. The firm has a market capitalization of $7.82 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 5.26 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. The firm's fifty day moving average is $38.15 and its 200-day moving average is $37.84. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $441.44 million for the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. On average, research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VNO. Bank of America reduced their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Monday, August 25th. Evercore ISI reduced their price target on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Barclays increased their price target on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Truist Financial increased their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Finally, Scotiabank dropped 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. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $37.90.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Vornado Realty Trust in the 2nd quarter valued at about $665,094,000. Franklin Resources Inc. increased its position in Vornado Realty Trust by 0.9% in the 2nd quarter. Franklin Resources Inc. now owns 12,034,746 shares of the real estate investment trust's stock valued at $460,209,000 after acquiring an additional 105,062 shares in the last quarter. State Street Corp increased its position in Vornado Realty Trust by 0.5% in the 2nd quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust's stock valued at $337,775,000 after acquiring an additional 39,767 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vornado Realty Trust by 88.1% in the second quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust's stock valued at $191,371,000 after acquiring an additional 2,344,037 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Vornado Realty Trust by 0.9% during the 2nd quarter. Invesco Ltd. now owns 4,239,539 shares of the real estate investment trust's stock worth $162,120,000 after acquiring an additional 36,355 shares during the period. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Company Profile

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

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