Allspring Global Investments Holdings LLC Has $6.46 Million Holdings in Vornado Realty Trust $VNO

Allspring Global Investments Holdings LLC lessened its holdings in Vornado Realty Trust (NYSE:VNO) by 11.7% in the 2nd quarter, Holdings Channel reports. The firm owned 169,210 shares of the real estate investment trust’s stock after selling 22,394 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vornado Realty Trust were worth $6,464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. lifted its stake in shares of 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 during the last quarter. Deutsche Bank AG raised its holdings in Vornado Realty Trust by 21.3% in the 1st quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust’s stock worth $109,228,000 after acquiring an additional 517,773 shares during the period. Northern Trust Corp lifted its position in Vornado Realty Trust by 1.8% during the 1st quarter. Northern Trust Corp now owns 2,790,326 shares of the real estate investment trust’s stock worth $103,214,000 after acquiring an additional 49,197 shares during the last quarter. Earnest Partners LLC lifted its position in Vornado Realty Trust by 3.3% during the 1st quarter. Earnest Partners LLC now owns 2,666,190 shares of the real estate investment trust’s stock worth $98,622,000 after acquiring an additional 86,000 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its position in Vornado Realty Trust by 32.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock worth $96,022,000 after acquiring an additional 632,721 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 subject of a number of research analyst reports. Mizuho cut their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Truist Financial boosted their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 12th. Bank of America cut their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. Finally, Barclays boosted their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.42.

Insiders Place Their Bets

In related news, EVP Haim Chera sold 30,000 shares of the company’s stock in a transaction dated 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 is available at this hyperlink. 8.42% of the stock is currently owned by insiders.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.19 on Monday. The firm’s 50-day moving average is $39.52 and its 200-day moving average is $38.32. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. 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 cap of $7.53 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 4.76 and a beta of 1.59.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company had revenue of $441.44 million for the quarter, compared to the consensus estimate of $468.79 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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