American Century Companies Inc. cut its holdings in Vornado Realty Trust (NYSE:VNO – Free Report) by 66.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 393,549 shares of the real estate investment trust’s stock after selling 774,577 shares during the period. American Century Companies Inc. owned 0.21% of Vornado Realty Trust worth $14,557,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 523 shares during the period. Assetmark Inc. boosted its holdings in Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 347 shares during the period. Friedenthal Financial bought a new position in Vornado Realty Trust in the 1st quarter worth approximately $75,000. Quarry LP boosted its holdings in Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 761 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Vornado Realty Trust by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 312 shares during the period. 90.02% of the stock is owned by institutional investors.
Vornado Realty Trust Stock Performance
Vornado Realty Trust stock opened at $38.0120 on Monday. The firm’s fifty day moving average price is $38.29 and its 200-day moving average price is $38.08. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The stock has a market cap of $7.30 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 13.74 and a beta of 1.56. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63.
Wall Street Analysts Forecast Growth
VNO has been the subject of several analyst reports. Piper Sandler raised their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Mizuho lowered their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Barclays increased their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday. Truist Financial increased 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. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.22.
Insider Buying and Selling at Vornado Realty Trust
In other news, EVP Haim Chera sold 20,000 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the sale, the executive vice president owned 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 8.42% of the company’s stock.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a fully – integrated equity real estate investment trust.
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