Vornado Realty Trust (NYSE:VNO) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its position in Vornado Realty Trust (NYSE:VNO) by 79.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,811 shares of the real estate investment trust’s stock after selling 566,382 shares during the quarter. Pzena Investment Management LLC owned approximately 0.08% of Vornado Realty Trust worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in VNO. Belpointe Asset Management LLC bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at approximately $30,000. FNY Investment Advisers LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter valued at approximately $33,000. SOA Wealth Advisors LLC. increased its holdings in shares of Vornado Realty Trust by 55.5% in the 1st quarter. SOA Wealth Advisors LLC. now owns 2,494 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 890 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Vornado Realty Trust by 158.8% in the 1st quarter. Spire Wealth Management now owns 2,580 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Vornado Realty Trust by 170.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 804 shares during the last quarter. 75.86% of the stock is currently owned by institutional investors.

Vornado Realty Trust Trading Up 0.1 %

Shares of Vornado Realty Trust stock opened at $25.19 on Friday. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 1.72. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of -11.15 and a beta of 1.47. The business has a fifty day simple moving average of $21.58 and a 200-day simple moving average of $17.56. Vornado Realty Trust has a fifty-two week low of $12.31 and a fifty-two week high of $28.50.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VNO. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Bank of America upped their price objective on Vornado Realty Trust from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. Finally, Evercore ISI upped their price objective on Vornado Realty Trust from $21.00 to $25.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.90.

About Vornado Realty Trust

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.