Xponance Inc. Reduces Holdings in Vornado Realty Trust (NYSE:VNO)

Xponance Inc. reduced its stake in shares of Vornado Realty Trust (NYSE:VNO) by 10.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,354 shares of the real estate investment trust’s stock after selling 2,255 shares during the period. Xponance Inc.’s holdings in Vornado Realty Trust were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Treasurer of the State of North Carolina lifted its position in shares of Vornado Realty Trust by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 78,395 shares of the real estate investment trust’s stock valued at $2,215,000 after acquiring an additional 770 shares in the last quarter. Cibc World Markets Corp lifted its holdings in Vornado Realty Trust by 14.9% in the 4th quarter. Cibc World Markets Corp now owns 413,568 shares of the real estate investment trust’s stock valued at $11,683,000 after purchasing an additional 53,568 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $2,320,000. Waterloo Capital L.P. acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $2,410,000. Finally, Nixon Capital LLC grew its holdings in shares of Vornado Realty Trust by 20.0% during the fourth quarter. Nixon Capital LLC now owns 412,747 shares of the real estate investment trust’s stock worth $11,660,000 after buying an additional 68,725 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VNO. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Saturday, July 20th. Piper Sandler raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $22.00 to $30.00 in a research report on Thursday, August 8th. Bank of America increased their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. The Goldman Sachs Group lifted their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. Finally, Evercore ISI upped their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.43.

Insider Activity

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 3,034 shares in the company, valued at $85,528.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.14% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.40 on Tuesday. The firm’s fifty day simple moving average is $33.34 and its 200 day simple moving average is $28.64. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. Vornado Realty Trust has a twelve month low of $18.36 and a twelve month high of $39.91. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 262.68 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data 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). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The company had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts expect 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.