DekaBank Deutsche Girozentrale Buys 1,654 Shares of Vornado Realty Trust $VNO

DekaBank Deutsche Girozentrale lifted its stake in Vornado Realty Trust (NYSE:VNO) by 1.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 113,024 shares of the real estate investment trust’s stock after purchasing an additional 1,654 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vornado Realty Trust were worth $4,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VNO. GAMMA Investing LLC grew its stake in Vornado Realty Trust by 18.2% during the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 868 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Vornado Realty Trust by 1.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 248,300 shares of the real estate investment trust’s stock worth $9,185,000 after buying an additional 3,243 shares during the last quarter. Diversified Trust Co purchased a new stake in Vornado Realty Trust during the 1st quarter valued at about $719,000. Illinois Municipal Retirement Fund grew its stake in Vornado Realty Trust by 66.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 44,831 shares of the real estate investment trust’s stock valued at $1,658,000 after purchasing an additional 17,920 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Vornado Realty Trust by 1.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,243 shares of the real estate investment trust’s stock valued at $6,741,000 after purchasing an additional 2,198 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNO has been the topic of several research analyst reports. Truist Financial boosted their price target on Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 12th. Bank of America dropped their price target on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Barclays boosted their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. LADENBURG THALM/SH SH started coverage on Vornado Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Evercore ISI upped their target price on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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 stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.42% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $39.37 on Friday. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 4.77 and a beta of 1.59. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average of $39.74 and a 200 day moving average of $38.47.

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

Vornado Realty Trust Company Profile

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