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

Vornado Realty Trust (NYSE:VNO - Get Free Report) EVP Haim Chera sold 20,000 shares of the company'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 directly owns 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vornado Realty Trust Trading Down 2.6%

NYSE VNO traded down $1.00 during trading hours on Friday, reaching $37.66. The company's stock had a trading volume of 1,324,147 shares, compared to its average volume of 1,611,515. The firm has a fifty day simple moving average of $36.38 and a 200-day simple moving average of $39.59. The stock has a market cap of $7.23 billion, a P/E ratio of 941.50, a P/E/G ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a 52 week low of $23.50 and a 52 week 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.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. Equities analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VNO shares. The Goldman Sachs Group upped their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. 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 report on Friday, March 14th. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Barclays increased their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Finally, Compass Point increased their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a 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 company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $38.09.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. acquired a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $235,000. Assetmark Inc. increased its position in Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 286 shares during the period. KBC Group NV increased its position in 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 valued at $3,079,000 after purchasing an additional 68,643 shares during the period. Caprock Group LLC acquired a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $240,000. Finally, Nomura Asset Management Co. Ltd. increased its position in Vornado Realty Trust by 6.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust's stock valued at $9,321,000 after purchasing an additional 12,780 shares during the period. Institutional investors 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.