Pitcairn Co. Has $353,000 Holdings in Vornado Realty Trust (NYSE:VNO)

Pitcairn Co. trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,267 shares of the real estate investment trust’s stock after selling 1,378 shares during the period. Pitcairn Co.’s holdings in Vornado Realty Trust were worth $353,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Vornado Realty Trust during the first quarter worth approximately $1,237,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Vornado Realty Trust by 2.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 328,093 shares of the real estate investment trust’s stock worth $9,437,000 after buying an additional 8,545 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Vornado Realty Trust by 7.9% during the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock worth $26,385,000 after buying an additional 67,100 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Vornado Realty Trust during the first quarter worth approximately $12,824,000. Finally, State Board of Administration of Florida Retirement System increased its stake in Vornado Realty Trust by 5.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 217,050 shares of the real estate investment trust’s stock valued at $6,245,000 after purchasing an additional 10,244 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’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 transaction, 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 SEC, which can be accessed through the SEC website. Insiders own 8.14% of the company’s stock.

Analyst Ratings Changes

VNO has been the subject of several research reports. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Saturday, July 20th. Piper Sandler cut their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, May 13th. Barclays cut their target price on shares of Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, May 24th. BMO Capital Markets lowered their price target on shares of Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. Finally, Scotiabank decreased their target price on shares of Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and an average target price of $24.27.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded up $0.32 during midday trading on Thursday, reaching $28.44. The company had a trading volume of 2,115,877 shares, compared to its average volume of 2,006,553. The company’s 50 day moving average price is $25.77 and its 200 day moving average price is $26.29. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81. The stock has a market cap of $5.42 billion, a P/E ratio of 191.08 and a beta of 1.64. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $32.21.

Vornado Realty Trust Company 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.