Arjuna Capital Cuts Position in Vornado Realty Trust $VNO

Arjuna Capital trimmed its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 48.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,584 shares of the real estate investment trust’s stock after selling 6,309 shares during the period. Arjuna Capital’s holdings in Vornado Realty Trust were worth $252,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Vornado Realty Trust in the second quarter worth $665,094,000. Franklin Resources Inc. boosted its position in Vornado Realty Trust by 0.9% during the 2nd quarter. Franklin Resources Inc. now owns 12,034,746 shares of the real estate investment trust’s stock worth $460,209,000 after purchasing an additional 105,062 shares during the period. JPMorgan Chase & Co. increased its holdings in Vornado Realty Trust by 88.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock valued at $191,371,000 after purchasing an additional 2,344,037 shares in the last quarter. Invesco Ltd. increased its holdings in Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust’s stock valued at $155,476,000 after purchasing an additional 1,067,284 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Vornado Realty Trust by 21.3% in the first quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust’s stock valued at $109,228,000 after purchasing an additional 517,773 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VNO has been the subject of several analyst reports. LADENBURG THALM/SH SH initiated coverage on Vornado Realty Trust in a research report on Monday, October 13th. They issued a “buy” rating and a $48.00 target price for the company. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target on the stock in a research report on Monday, November 24th. Citigroup upgraded Vornado Realty Trust from a “sell” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $42.00 in a report on Friday, September 12th. Truist Financial increased their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Finally, Scotiabank reduced their target price on shares of Vornado Realty Trust from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.31.

Vornado Realty Trust Trading Down 0.2%

Shares of VNO opened at $36.74 on Tuesday. Vornado Realty Trust has a one year low of $29.68 and a one year high of $46.52. The stock has a 50-day moving average price of $37.96 and a 200 day moving average price of $38.54. 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 company has a market capitalization of $7.06 billion, a P/E ratio of 9.09, a P/E/G ratio of 4.57 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $453.70 million for the quarter, compared to the consensus estimate of $435.19 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.Vornado Realty Trust’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Activity

In related news, EVP Haim Chera sold 30,000 shares of the company’s stock in a transaction 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 SEC, which can be accessed through this link. Company insiders own 8.42% of the company’s stock.

About Vornado Realty Trust

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