BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 2,803 Shares of Vornado Realty Trust (NYSE:VNO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in Vornado Realty Trust (NYSE:VNO) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,801 shares of the real estate investment trust’s stock after selling 2,803 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Vornado Realty Trust were worth $521,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Vornado Realty Trust in the fourth quarter valued at $489,922,000. Putnam Investments LLC lifted its position in shares of Vornado Realty Trust by 3.0% in the 4th quarter. Putnam Investments LLC now owns 9,978,649 shares of the real estate investment trust’s stock worth $281,897,000 after purchasing an additional 288,952 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Vornado Realty Trust by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,196,145 shares of the real estate investment trust’s stock valued at $178,264,000 after purchasing an additional 44,147 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Vornado Realty Trust by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,623,058 shares of the real estate investment trust’s stock valued at $74,101,000 after purchasing an additional 76,882 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Vornado Realty Trust by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,543,096 shares of the real estate investment trust’s stock valued at $40,568,000 after buying an additional 24,322 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on VNO shares. Truist Financial increased their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Scotiabank lowered their price objective on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Compass Point increased their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Bank of America boosted their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $29.32.

Insiders Place Their Bets

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the sale, the director now owns 3,034 shares of the company’s stock, valued at approximately $85,528.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.14% of the stock is owned by insiders.

Vornado Realty Trust Price Performance

Shares of VNO opened at $33.55 on Wednesday. Vornado Realty Trust has a twelve month low of $18.36 and a twelve month high of $35.26. The company has a market capitalization of $6.39 billion, a P/E ratio of 223.68 and a beta of 1.65. The firm has a 50 day moving average of $29.92 and a 200 day moving average of $27.26. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The business had revenue of $450.27 million during the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust 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.