American International Group Inc. Trims Stock Holdings in Vornado Realty Trust (NYSE:VNO)

American International Group Inc. reduced its stake in Vornado Realty Trust (NYSE:VNO) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,087 shares of the real estate investment trust’s stock after selling 9,557 shares during the quarter. American International Group Inc. owned about 0.11% of Vornado Realty Trust worth $6,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in Vornado Realty Trust in the fourth quarter valued at $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in Vornado Realty Trust in the fourth quarter valued at $40,000. Financial Gravity Asset Management Inc. increased its stake in Vornado Realty Trust by 8,355.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,504 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in Vornado Realty Trust in the fourth quarter valued at $50,000. Finally, Principal Securities Inc. acquired a new position in Vornado Realty Trust in the fourth quarter valued at $58,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Price Performance

VNO stock opened at $25.82 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a 1 year low of $14.46 and a 1 year high of $32.21. The firm has a market cap of $4.92 billion, a P/E ratio of 172.14 and a beta of 1.59. The stock has a 50-day simple moving average of $25.06 and a 200-day simple moving average of $26.54.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, May 13th. BMO Capital Markets dropped their target price on Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Tuesday. Scotiabank dropped their price target on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. Finally, Compass Point dropped their price target on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.27.

Vornado Realty Trust Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.