Vornado Realty Trust (NYSE:VNO) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in shares of Vornado Realty Trust (NYSE:VNO) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,555 shares of the real estate investment trust’s stock after selling 1,107 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Vornado Realty Trust were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Vornado Realty Trust during the fourth quarter worth about $489,922,000. Putnam Investments LLC increased its position in shares of Vornado Realty Trust by 3.0% during the fourth quarter. Putnam Investments LLC now owns 9,978,649 shares of the real estate investment trust’s stock worth $281,897,000 after acquiring an additional 288,952 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Vornado Realty Trust by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,196,145 shares of the real estate investment trust’s stock worth $178,264,000 after acquiring an additional 44,147 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Vornado Realty Trust by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,623,058 shares of the real estate investment trust’s stock worth $74,101,000 after acquiring an additional 76,882 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Vornado Realty Trust by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,543,096 shares of the real estate investment trust’s stock worth $40,568,000 after acquiring an additional 24,322 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

VNO has been the topic of a number of analyst reports. Scotiabank lifted their target price on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Piper Sandler raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $22.00 to $30.00 in a research report on Thursday, August 8th. Compass Point lifted their target price on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group boosted their price objective on Vornado Realty Trust from $19.00 to $21.50 and gave the company a “sell” rating in a report on Tuesday, August 27th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.23.

Vornado Realty Trust Stock Up 0.4 %

NYSE:VNO opened at $33.68 on Thursday. The firm has a market capitalization of $6.42 billion, a PE ratio of 224.55 and a beta of 1.65. The stock has a 50 day moving average of $30.10 and a 200-day moving average of $27.31. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $35.26. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.37). The company had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $28.19, for a total value of $56,380.00. Following the sale, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.14% of the company’s stock.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.