Truist Financial Corp Has $201,000 Stock Position in Vornado Realty Trust (NYSE:VNO)

Truist Financial Corp lessened its stake in shares of Vornado Realty Trust (NYSE:VNO) by 60.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,657 shares of the real estate investment trust’s stock after selling 11,574 shares during the quarter. Truist Financial Corp’s holdings in Vornado Realty Trust were worth $201,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Vornado Realty Trust in the second quarter worth approximately $48,000. Fidelis Capital Partners LLC bought a new position in shares of Vornado Realty Trust in the 1st quarter worth $55,000. EverSource Wealth Advisors LLC grew its position in Vornado Realty Trust by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Vornado Realty Trust by 98.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,972 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 2,465 shares during the period. Finally, GAMMA Investing LLC increased its stake in Vornado Realty Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 750 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VNO shares. Compass Point raised their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Bank of America raised their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Truist Financial raised their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Vornado Realty Trust in a research note on Friday. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.43.

Vornado Realty Trust Trading Up 2.6 %

Shares of VNO stock opened at $43.38 on Friday. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $43.61. The business’s fifty day moving average is $36.55 and its 200 day moving average is $29.99. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The company has a market capitalization of $8.26 billion, a PE ratio of 289.20 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results 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). Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The business had revenue of $450.27 million during the quarter, compared to analysts’ expectations of $439.28 million. During the same period in the previous year, the business earned $0.72 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate 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.