Haim Chera Sells 20,000 Shares of Vornado Realty Trust (NYSE:VNO) Stock

Vornado Realty Trust (NYSE:VNO - Get Free Report) EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the sale, the executive vice president now owns 30,000 shares of the company's stock, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vornado Realty Trust Stock Up 3.0%

Shares of NYSE VNO traded up $1.12 during midday trading on Tuesday, hitting $38.86. The company's stock had a trading volume of 1,191,627 shares, compared to its average volume of 1,603,661. The business's fifty day simple moving average is $36.38 and its two-hundred day simple moving average is $39.55. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. Vornado Realty Trust has a 1 year low of $23.50 and a 1 year high of $46.63. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 971.38, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47.

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

Analyst Ratings Changes

A number of brokerages have weighed in on VNO. Truist Financial lifted their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday. Morgan Stanley lifted their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $37.91.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VNO. Blue Trust Inc. lifted its position in shares of Vornado Realty Trust by 61.6% during the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 677 shares during the last quarter. KBC Group NV lifted its position in shares of Vornado Realty Trust by 1,492.2% during the 4th quarter. KBC Group NV now owns 73,243 shares of the real estate investment trust's stock worth $3,079,000 after purchasing an additional 68,643 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Vornado Realty Trust by 3.7% during the 4th quarter. Pacer Advisors Inc. now owns 35,039 shares of the real estate investment trust's stock worth $1,473,000 after purchasing an additional 1,246 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth $240,000. Finally, abrdn plc lifted its position in shares of Vornado Realty Trust by 58.4% during the 4th quarter. abrdn plc now owns 55,153 shares of the real estate investment trust's stock worth $2,282,000 after purchasing an additional 20,341 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

About Vornado Realty Trust

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