16,834 Vornado Realty Trust $VNO Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,400 shares of the real estate investment trust’s stock after selling 16,834 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.08% of Vornado Realty Trust worth $5,197,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Vornado Realty Trust in the 2nd quarter valued at $8,204,000. Wellington Management Group LLP raised its stake in shares of Vornado Realty Trust by 440.6% during the 2nd quarter. Wellington Management Group LLP now owns 598,395 shares of the real estate investment trust’s stock valued at $23,517,000 after purchasing an additional 487,710 shares during the period. Public Employees Retirement System of Ohio bought a new position in Vornado Realty Trust in the 2nd quarter valued at $10,283,000. Squarepoint Ops LLC increased its holdings in shares of Vornado Realty Trust by 65.9% in the 2nd quarter. Squarepoint Ops LLC now owns 133,928 shares of the real estate investment trust’s stock worth $5,263,000 after buying an additional 53,208 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Vornado Realty Trust by 5.7% in the 1st quarter. Bank of America Corp DE now owns 1,266,476 shares of the real estate investment trust’s stock worth $32,916,000 after acquiring an additional 68,267 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 0.0%

NYSE:VNO traded down $0.00 during midday trading on Friday, hitting $35.87. The stock had a trading volume of 1,332,085 shares, compared to its average volume of 1,370,243. The stock has a 50-day moving average of $34.61 and a 200 day moving average of $33.44. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of -123.68, a PEG ratio of 1.64 and a beta of 1.62. Vornado Realty Trust has a one year low of $24.57 and a one year high of $41.60. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, November 2nd. The real estate investment trust reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.89). The firm had revenue of $467.66 million during the quarter, compared to analysts’ expectations of $477.39 million. Vornado Realty Trust had a return on equity of 0.19% and a net margin of 0.50%. Vornado Realty Trust’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.47 EPS for the current year.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $34.01, for a total transaction of $3,060,900.00. Following the transaction, the executive vice president owned 110,000 shares of the company’s stock, valued at approximately $3,741,100. This trade represents a 45.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on VNO shares. Citigroup upped their price target on Vornado Realty Trust from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vornado Realty Trust in a report on Monday. Barclays raised their target price on Vornado Realty Trust from $29.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Scotiabank dropped their price objective on shares of Vornado Realty Trust from $41.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Finally, Piper Sandler dropped their price target on shares of Vornado Realty Trust from $44.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $38.91.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a publicly traded real estate investment trust that owns, manages and develops commercial properties, with a primary focus on premier office and retail assets in New York City. The company’s portfolio includes office buildings, retail properties and mixed-use developments located in high-profile business and shopping districts.

Vornado is particularly active in Manhattan, where it has pursued large-scale development and redevelopment initiatives in the Penn District surrounding Pennsylvania Station.