Yousif Capital Management LLC Trims Holdings in Vornado Realty Trust (NYSE:VNO)

Yousif Capital Management LLC trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,631 shares of the real estate investment trust’s stock after selling 1,859 shares during the quarter. Yousif Capital Management LLC’s holdings in Vornado Realty Trust were worth $2,428,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 286 shares during the period. CIBC Asset Management Inc increased its holdings in Vornado Realty Trust by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 324 shares during the period. Vident Advisory LLC increased its holdings in Vornado Realty Trust by 4.7% during the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 344 shares during the period. Arizona State Retirement System lifted its stake in Vornado Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock worth $1,976,000 after purchasing an additional 373 shares in the last quarter. Finally, Mariner LLC boosted its holdings in Vornado Realty Trust by 0.9% in the 4th quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust’s stock valued at $1,903,000 after purchasing an additional 404 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, the executive vice president now owns 30,000 shares of the company’s stock, valued at approximately $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.42% of the company’s stock.

Vornado Realty Trust Stock Down 1.8%

Shares of VNO opened at $40.37 on Friday. Vornado Realty Trust has a 1 year low of $24.76 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The stock has a 50 day simple moving average of $37.24 and a two-hundred day simple moving average of $39.46. The firm has a market cap of $7.75 billion, a P/E ratio of 1,009.25, a P/E/G ratio of 9.69 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million during the quarter, compared to analysts’ expectations of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VNO has been the topic of several research analyst reports. Wall Street Zen raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Piper Sandler upped their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Morgan Stanley raised their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. Truist Financial boosted their price objective on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $37.91.

Vornado Realty Trust Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.