Sumitomo Mitsui Trust Holdings Inc. Sells 6,649 Shares of Vornado Realty Trust (NYSE:VNO)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Vornado Realty Trust (NYSE:VNOFree Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,688 shares of the real estate investment trust’s stock after selling 6,649 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of Vornado Realty Trust worth $5,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VNO. Deutsche Bank AG grew its position in Vornado Realty Trust by 141.9% in the third quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock valued at $96,128,000 after purchasing an additional 2,486,439 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Vornado Realty Trust in the third quarter valued at $276,000. Citigroup Inc. grew its position in Vornado Realty Trust by 41.9% in the third quarter. Citigroup Inc. now owns 158,048 shares of the real estate investment trust’s stock valued at $3,585,000 after purchasing an additional 46,630 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Vornado Realty Trust by 94.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 54,843 shares of the real estate investment trust’s stock valued at $1,244,000 after purchasing an additional 26,586 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Vornado Realty Trust by 0.5% in the third quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock valued at $554,726,000 after purchasing an additional 116,504 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $26.70 on Thursday. Vornado Realty Trust has a twelve month low of $18.36 and a twelve month high of $32.21. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The company has a 50-day simple moving average of $24.99 and a two-hundred day simple moving average of $26.26. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 178.01 and a beta of 1.64.

Analysts Set New Price Targets

A number of analysts have commented on VNO shares. Scotiabank cut their price target on shares of Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. 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. BMO Capital Markets cut their price target on shares of Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Morgan Stanley upgraded shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. Finally, Barclays cut their price target 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. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.27.

Read Our Latest Research Report on Vornado Realty Trust

Vornado Realty Trust Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNOFree Report).

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.