Sumitomo Mitsui Trust Group Inc. Increases Position in Vornado Realty Trust $VNO

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,535 shares of the real estate investment trust’s stock after acquiring an additional 2,292 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.10% of Vornado Realty Trust worth $7,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Vornado Realty Trust by 18.2% during the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 868 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Vornado Realty Trust by 9.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,892 shares of the real estate investment trust’s stock worth $1,291,000 after purchasing an additional 2,986 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Vornado Realty Trust during the first quarter worth about $876,000. Mutual Advisors LLC purchased a new position in Vornado Realty Trust during the first quarter worth about $201,000. Finally, State of Michigan Retirement System raised its holdings in Vornado Realty Trust by 1.0% during the first quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust’s stock worth $1,469,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 4.4%

Shares of Vornado Realty Trust stock opened at $37.53 on Thursday. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The stock has a market cap of $7.21 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 4.77 and a beta of 1.59. The company has a 50-day moving average of $39.85 and a two-hundred day moving average of $38.65.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company had revenue of $441.44 million during the quarter, compared to analysts’ expectations of $468.79 million. During the same period last year, the company posted $0.57 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts anticipate 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 30,000 shares of the firm’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 transaction of $1,189,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on VNO shares. Bank of America cut their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, August 25th. Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $42.00 in a report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vornado Realty Trust in a report on Wednesday, October 8th. Scotiabank dropped their target price on shares of Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Finally, Truist Financial increased their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 12th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.42.

About Vornado Realty Trust

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