Vornado Realty Trust (NYSE:VNO) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in shares of Vornado Realty Trust (NYSE:VNO) by 4.6% during the third quarter, HoldingsChannel.com reports. The firm owned 9,481 shares of the real estate investment trust’s stock after selling 454 shares during the period. Park Avenue Securities LLC’s holdings in Vornado Realty Trust were worth $374,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VNO. Nomura Holdings Inc. raised its stake in Vornado Realty Trust by 2,410.2% during the fourth quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock worth $27,488,000 after purchasing an additional 934,271 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Vornado Realty Trust during the fourth quarter worth approximately $165,000. GAMMA Investing LLC raised its stake in Vornado Realty Trust by 17.6% during the first quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 750 shares during the period. Green Alpha Advisors LLC raised its stake in Vornado Realty Trust by 11.2% during the first quarter. Green Alpha Advisors LLC now owns 66,574 shares of the real estate investment trust’s stock worth $1,915,000 after purchasing an additional 6,691 shares during the period. Finally, First National Bank Sioux Falls raised its stake in Vornado Realty Trust by 3.3% during the first quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 496 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on VNO. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $29.00 to $40.00 in a research note on Thursday, August 8th. Truist Financial raised their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Piper Sandler raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and raised their target price for the company from $22.00 to $30.00 in a research note on Thursday, August 8th. Scotiabank raised their target price on shares of Vornado Realty Trust from $23.00 to $33.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 4th. Finally, StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.43.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $39.66 on Friday. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $40.37. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 440.67 and a beta of 1.65. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The firm’s fifty day moving average price is $35.40 and its 200 day moving average price is $29.51.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share 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 analyst estimates of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. Vornado Realty Trust’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. On average, research analysts forecast that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

About Vornado Realty Trust

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