Nisa Investment Advisors LLC Sells 10,692 Shares of Vornado Realty Trust $VNO

Nisa Investment Advisors LLC decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,033 shares of the real estate investment trust’s stock after selling 10,692 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Vornado Realty Trust were worth $1,722,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VNO. GAMMA Investing LLC boosted 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 valued at $208,000 after purchasing an additional 868 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted 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 period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Vornado Realty Trust by 9.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,892 shares of the real estate investment trust’s stock valued at $1,291,000 after purchasing an additional 2,986 shares during the period. Teacher Retirement System of Texas bought a new stake in Vornado Realty Trust during the 1st quarter valued at approximately $876,000. Finally, Mutual Advisors LLC acquired a new stake in Vornado Realty Trust in the 1st quarter worth $201,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $37.49 on Friday. The company has a 50-day moving average of $39.88 and a 200-day moving average of $38.64. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 4.57 and a beta of 1.59. 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.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 EPS 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 the consensus estimate of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup upgraded shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and raised their price target for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. Mizuho decreased their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Evercore ISI raised their price target on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Scotiabank decreased their price target on shares of Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Finally, Barclays raised their price target 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 equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.42.

Insider Activity at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.42% of the stock is owned by company insiders.

Vornado Realty Trust Company Profile

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