Amalgamated Bank Has $2.68 Million Position in Vornado Realty Trust (NYSE:VNO)

Amalgamated Bank reduced its holdings in Vornado Realty Trust (NYSE:VNO) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 102,063 shares of the real estate investment trust’s stock after selling 3,757 shares during the period. Amalgamated Bank owned 0.05% of Vornado Realty Trust worth $2,683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. bought a new position in shares of Vornado Realty Trust in the 4th quarter valued at about $2,320,000. Waterloo Capital L.P. bought a new position in shares of Vornado Realty Trust in the 4th quarter valued at about $2,410,000. Sei Investments Co. grew its position in shares of Vornado Realty Trust by 5.7% in the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock valued at $13,501,000 after acquiring an additional 25,374 shares during the period. National Bank of Canada FI grew its position in shares of Vornado Realty Trust by 7.9% in the 1st quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock valued at $26,385,000 after acquiring an additional 67,100 shares during the period. Finally, Cibc World Markets Corp boosted its holdings in shares of Vornado Realty Trust by 14.9% during the 4th quarter. Cibc World Markets Corp now owns 413,568 shares of the real estate investment trust’s stock worth $11,683,000 after buying an additional 53,568 shares during the period. Institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VNO shares. Evercore ISI lifted their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Barclays lifted their target price on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Bank of America lifted their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Finally, Piper Sandler raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $22.00 to $30.00 in a report on Thursday, August 8th. Four equities 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.43.

Insider Activity

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the transaction, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.14% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $39.38 on Wednesday. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $7.50 billion, a P/E ratio of 262.53 and a beta of 1.65. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $39.91. The firm has a 50-day moving average price of $32.75 and a two-hundred day moving average price of $28.36.

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 the consensus estimate of $0.55 by ($0.37). The firm 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%. Vornado Realty Trust’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts anticipate that Vornado Realty Trust will post 2.17 earnings per share for the current year.

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.