Vanderbilt University cut its stake in Vornado Realty Trust (NYSE:VNO – Free Report) by 31.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,804 shares of the real estate investment trust’s stock after selling 5,396 shares during the quarter. Vanderbilt University’s holdings in Vornado Realty Trust were worth $451,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its stake in Vornado Realty Trust by 1.4% during the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust’s stock worth $758,000 after purchasing an additional 282 shares in the last quarter. Compound Planning Inc. increased its stake in Vornado Realty Trust by 4.4% during the 1st quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 311 shares in the last quarter. Fifth Third Bancorp increased its stake in Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 312 shares in the last quarter. Norinchukin Bank The increased its stake in Vornado Realty Trust by 4.7% during the 1st quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 341 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Vornado Realty Trust by 23.3% during the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 347 shares in the last quarter. 90.02% of the stock is owned by institutional investors.
Vornado Realty Trust Stock Performance
Shares of VNO stock opened at $41.02 on Friday. The business’s 50-day moving average price is $39.18 and its 200-day moving average price is $38.16. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 5.01 and a beta of 1.59. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40.
Analysts Set New Price Targets
A number of research firms have weighed in on VNO. Barclays upped their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Citigroup upgraded Vornado Realty Trust from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $42.00 in a research note on Friday, September 12th. Scotiabank dropped their price target on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Mizuho lowered their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Finally, Bank of America lowered their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average price target of $38.64.
Read Our Latest Stock Analysis on VNO
Insider Activity at Vornado Realty Trust
In other news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.42% of the company’s stock.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a fully – integrated equity real estate investment trust.
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