APG Asset Management US Inc. Sells 147,480 Shares of Vornado Realty Trust $VNO

APG Asset Management US Inc. cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 824,054 shares of the real estate investment trust’s stock after selling 147,480 shares during the quarter. APG Asset Management US Inc. owned approximately 0.43% of Vornado Realty Trust worth $33,968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VNO. Royal Bank of Canada lifted its stake in shares of Vornado Realty Trust by 18.3% in the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock worth $1,017,000 after acquiring an additional 4,251 shares during the period. AQR Capital Management LLC lifted its stake in Vornado Realty Trust by 18.7% in the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after buying an additional 8,189 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after acquiring an additional 112,956 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Vornado Realty Trust by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 231,759 shares of the real estate investment trust’s stock valued at $8,862,000 after acquiring an additional 3,220 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Vornado Realty Trust by 415.1% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 58,711 shares of the real estate investment trust’s stock valued at $2,245,000 after acquiring an additional 47,314 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Mizuho reduced their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Barclays reduced their target price on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Evercore reduced their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Finally, Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $37.36.

Vornado Realty Trust Stock Down 5.5%

VNO stock opened at $27.57 on Friday. The firm has a market capitalization of $5.26 billion, a PE ratio of 6.58, a P/E/G ratio of 1.37 and a beta of 1.52. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. Vornado Realty Trust has a twelve month low of $27.45 and a twelve month high of $43.37. The stock’s 50 day moving average is $31.82 and its 200-day moving average is $35.77.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $453.71 million during the quarter, compared to analysts’ expectations of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. Sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were issued a dividend of $0.74 per share. The ex-dividend date was Thursday, December 18th. This represents a yield of 220.0%. Vornado Realty Trust’s payout ratio is 17.66%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.