Ballentine Partners LLC Lowers Stock Holdings in Vornado Realty Trust $VNO

Ballentine Partners LLC cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,082 shares of the real estate investment trust’s stock after selling 1,097 shares during the quarter. Ballentine Partners LLC’s holdings in Vornado Realty Trust were worth $271,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP boosted its position in shares of Vornado Realty Trust by 102.1% during the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 38,585 shares in the last quarter. UMB Bank n.a. raised its position in shares of Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 523 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 347 shares during the period. Friedenthal Financial acquired a new position in Vornado Realty Trust in the 1st quarter valued at $75,000. Finally, Fifth Third Bancorp raised 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 valued at $82,000 after acquiring an additional 312 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Down 0.4%

Shares of VNO stock opened at $40.24 on Monday. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The stock has a 50-day simple moving average of $39.08 and a 200 day simple moving average of $38.08. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The stock has a market capitalization of $7.73 billion, a P/E ratio of 9.96, a P/E/G ratio of 4.89 and a beta of 1.58.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on VNO. Evercore ISI raised their target price on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Barclays raised their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Scotiabank cut their target price on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Truist Financial increased their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Finally, Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $42.00 in a report on Friday, September 12th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.64.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.42% of the company’s stock.

Vornado Realty Trust Profile

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