Vornado Realty Trust $VNO Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 18.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,677 shares of the real estate investment trust’s stock after purchasing an additional 1,214 shares during the period. Truist Financial Corp’s holdings in Vornado Realty Trust were worth $294,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Twin Tree Management LP grew its holdings in shares of Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 38,585 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 23.3% during the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 347 shares in the last quarter. Friedenthal Financial purchased a new position in Vornado Realty Trust in the first quarter valued at about $75,000. Fifth Third Bancorp grew its stake in Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 312 shares in the last quarter. Finally, Bfsg LLC grew its stake in Vornado Realty Trust by 14.4% in the second quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 600 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. Evercore ISI upped their price target on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. LADENBURG THALM/SH SH began coverage on Vornado Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $48.00 price target for the company. Mizuho decreased their price target on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday, July 14th. Finally, Bank of America decreased their target price on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.42.

Insider Buying and Selling at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.42% of the company’s stock.

Vornado Realty Trust Trading Down 0.8%

Shares of VNO opened at $39.19 on Friday. The stock has a fifty day moving average price of $39.52 and a two-hundred day moving average price of $38.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 4.80 and a beta of 1.59.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The firm had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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