Vornado Realty Trust (NYSE:VNO) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 40.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,581 shares of the real estate investment trust’s stock after selling 28,489 shares during the period. AQR Capital Management LLC’s holdings in Vornado Realty Trust were worth $1,094,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VNO. Prospect Financial Services LLC acquired a new stake in Vornado Realty Trust during the 4th quarter worth about $1,426,000. Nomura Holdings Inc. increased its stake in Vornado Realty Trust by 2,410.2% in the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock valued at $27,488,000 after buying an additional 934,271 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Vornado Realty Trust in the 4th quarter worth approximately $165,000. GAMMA Investing LLC boosted its stake in shares of Vornado Realty Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 750 shares during the period. Finally, Green Alpha Advisors LLC boosted its stake in shares of Vornado Realty Trust by 11.2% during the 1st quarter. Green Alpha Advisors LLC now owns 66,574 shares of the real estate investment trust’s stock valued at $1,915,000 after buying an additional 6,691 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VNO has been the topic of a number of recent research reports. Scotiabank boosted their target price on Vornado Realty Trust from $23.00 to $33.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 4th. The Goldman Sachs Group raised their price objective on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Piper Sandler raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $30.00 in a research report on Thursday, August 8th. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Finally, Bank of America lifted their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.43.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $39.66 on Friday. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $40.37. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The stock’s 50-day simple moving average is $35.40 and its 200 day simple moving average is $29.49. The company has a market cap of $7.55 billion, a P/E ratio of 440.67 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly 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 business had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

About Vornado Realty Trust

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