Haim Chera Sells 30,000 Shares of Vornado Realty Trust (NYSE:VNO) 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 dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vornado Realty Trust Trading Up 2.3%

NYSE:VNO traded up $0.97 on Friday, reaching $42.98. The stock had a trading volume of 1,637,117 shares, compared to its average volume of 1,860,548. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 5.35 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 $38.47 and its two-hundred day moving average is $37.93. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63.

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 analysts' consensus estimates of $0.53 by $0.03. The company 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 firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. Equities analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Twin Tree Management LP raised its holdings 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 buying an additional 38,585 shares during the period. UMB Bank n.a. raised its holdings in Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 523 shares during the period. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.3% in the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 347 shares during the period. Friedenthal Financial purchased a new position in Vornado Realty Trust in the first quarter valued at approximately $75,000. Finally, Fifth Third Bancorp raised its holdings in Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VNO. Bank of America cut their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, August 25th. Barclays increased their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Truist Financial increased their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a report on Friday. Evercore ISI cut their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Finally, Mizuho cut their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Vornado Realty Trust has a consensus rating of "Hold" and an average target price of $38.45.

About Vornado Realty Trust

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