Vornado Realty Trust (NYSE:VNO) Short Interest Update

Key Points

• Vornado Realty Trust experienced a dramatic rise in short interest, increasing by 14,819% in July, with 10,130,000 shares shorted, equating to approximately 5.7% of the company's shares.
• Executive Vice President Haim Chera sold 20,000 shares of the company at an average price of $37.98, representing a 40% decrease in their ownership of Vornado stock.
• Large institutional investors have significantly increased their holdings in Vornado Realty Trust, with total institutional ownership currently at 90.02%.

Vornado Realty Trust (NYSE:VNO - Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 10,130,000 shares, anincreaseof14,819.0% from the June 30th total of 67,900 shares. Approximately5.7% of the company's shares are short sold. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 6.7 days. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 6.7 days. Approximately5.7% of the company's shares are short sold.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the transaction, the executive vice president directly owned 30,000 shares of the company's stock, valued at $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Vornado Realty Trust by 14.1% during the second quarter. Teacher Retirement System of Texas now owns 27,034 shares of the real estate investment trust's stock valued at $1,034,000 after buying an additional 3,344 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in Vornado Realty Trust by 415.1% in the second quarter. Y Intercept Hong Kong Ltd now owns 58,711 shares of the real estate investment trust's stock worth $2,245,000 after acquiring an additional 47,314 shares during the period. Envestnet Asset Management Inc. raised its position in Vornado Realty Trust by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 231,759 shares of the real estate investment trust's stock worth $8,862,000 after acquiring an additional 3,220 shares during the period. MQS Management LLC bought a new stake in Vornado Realty Trust in the second quarter worth about $714,000. Finally, AlphaQuest LLC bought a new stake in Vornado Realty Trust in the second quarter worth about $931,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Down 2.0%

NYSE VNO traded down $0.75 on Friday, hitting $37.67. The company's stock had a trading volume of 1,332,186 shares, compared to its average volume of 1,431,726. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 1-year low of $26.19 and a 1-year high of $46.63. The company's 50-day moving average is $38.92 and its 200 day moving average is $38.64. The firm has a market cap of $7.23 billion, a PE ratio of 72.44, a PEG ratio of 13.96 and a beta of 1.50.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The firm had revenue of $461.58 million during the quarter, compared to analysts' expectations of $452.68 million. During the same period in the prior year, the company posted $0.55 EPS. The company's revenue was up 5.8% on a year-over-year basis. As a group, analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Piper Sandler raised their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Scotiabank lifted their price target on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a research note on Monday, July 14th. Mizuho lowered their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Finally, 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 note on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $38.09.

Vornado Realty Trust Company Profile

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

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