Vornado Realty Trust (NYSE:VNO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of Vornado Realty Trust (NYSE:VNO) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,310 shares of the real estate investment trust’s stock after selling 30,780 shares during the period. Nisa Investment Advisors LLC’s holdings in Vornado Realty Trust were worth $2,184,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VNO. Raymond James & Associates boosted its position in shares of Vornado Realty Trust by 39.3% in the first quarter. Raymond James & Associates now owns 8,627 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 2,432 shares during the last quarter. US Bancorp DE boosted its position in shares of Vornado Realty Trust by 11.1% in the first quarter. US Bancorp DE now owns 10,522 shares of the real estate investment trust’s stock worth $477,000 after acquiring an additional 1,052 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of Vornado Realty Trust in the first quarter worth approximately $208,000. Natixis Advisors L.P. boosted its position in shares of Vornado Realty Trust by 24.5% in the first quarter. Natixis Advisors L.P. now owns 23,245 shares of the real estate investment trust’s stock worth $1,053,000 after acquiring an additional 4,575 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Vornado Realty Trust by 24.1% in the first quarter. MetLife Investment Management LLC now owns 43,587 shares of the real estate investment trust’s stock worth $1,975,000 after acquiring an additional 8,459 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Down 4.1 %

VNO opened at $27.42 on Friday. The firm has a market capitalization of $5.22 billion, a P/E ratio of 119.22 and a beta of 1.57. The firm’s 50 day moving average is $26.56 and its 200-day moving average is $25.41. Vornado Realty Trust has a 52-week low of $12.31 and a 52-week high of $32.21. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $441.89 million during the quarter, compared to the consensus estimate of $453.82 million. Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Analysts expect that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Vornado Realty Trust from a “d+” rating to a “c-” rating in a research report on Thursday, December 28th. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $16.00 to $25.00 and gave the company an “underweight” rating in a research report on Wednesday, December 20th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Morgan Stanley raised shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $24.00 to $26.00 in a research report on Thursday, March 28th. Finally, Barclays started coverage on shares of Vornado Realty Trust in a research report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price target on the stock. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $24.80.

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.