Vornado Realty Trust (NYSE:VNO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 19.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 228,539 shares of the real estate investment trust’s stock after selling 56,387 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Vornado Realty Trust worth $8,454,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $729,073,000. Franklin Resources Inc. lifted its stake in shares of Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust’s stock valued at $500,263,000 after purchasing an additional 792,100 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Vornado Realty Trust by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust’s stock worth $373,672,000 after purchasing an additional 278,409 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock worth $131,833,000 after acquiring an additional 1,651,819 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Vornado Realty Trust by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust’s stock worth $131,686,000 after buying an additional 25,209 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $38.75 on Tuesday. The company’s 50-day moving average is $38.84 and its 200 day moving average is $38.66. Vornado Realty Trust has a one year low of $26.19 and a one year high of $46.63. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 74.51, a price-to-earnings-growth ratio of 13.95 and a beta of 1.50.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The company had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same period in the previous year, the firm earned $0.55 earnings per share. Vornado Realty Trust’s quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

VNO has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, July 14th. Wall Street Zen raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Truist Financial raised their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Piper Sandler boosted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Finally, Mizuho decreased their price target on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.09.

Vornado Realty Trust Company Profile

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