Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Vanguard Personalized Indexing Management LLC boosted its stake in Vornado Realty Trust (NYSE:VNO) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,950 shares of the real estate investment trust’s stock after acquiring an additional 650 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Vornado Realty Trust were worth $1,282,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nomura Holdings Inc. lifted its position in shares of Vornado Realty Trust by 2,410.2% during the fourth quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock worth $27,488,000 after purchasing an additional 934,271 shares in the last quarter. Natixis purchased a new stake in Vornado Realty Trust during the 1st quarter worth $21,564,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Vornado Realty Trust by 324.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock worth $20,292,000 after buying an additional 590,176 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in Vornado Realty Trust by 131.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,007,733 shares of the real estate investment trust’s stock valued at $28,468,000 after buying an additional 572,955 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Vornado Realty Trust during the first quarter valued at about $12,824,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Piper Sandler raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and upped their target price for the company from $22.00 to $30.00 in a research report on Thursday, August 8th. Barclays raised their price target on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research note on Thursday, September 12th. Finally, Compass Point increased their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $30.43.

Vornado Realty Trust Trading Down 0.5 %

NYSE VNO opened at $38.80 on Monday. The firm has a market capitalization of $7.39 billion, a PE ratio of 258.67 and a beta of 1.65. Vornado Realty Trust has a one year low of $18.36 and a one year high of $39.91. The company has a 50-day simple moving average of $32.37 and a 200-day simple moving average of $28.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The company had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities analysts forecast that Vornado Realty Trust will post 2.17 earnings per share for the current year.

Insider Buying and Selling

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the sale, the director now directly owns 3,034 shares in the company, valued at $85,528.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.14% of the stock is owned by company insiders.

About Vornado Realty Trust

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.