Vornado Realty Trust $VNO Shares Sold by Prospect Financial Services LLC

Prospect Financial Services LLC decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 100,720 shares of the real estate investment trust’s stock after selling 7,608 shares during the quarter. Vornado Realty Trust makes up about 2.3% of Prospect Financial Services LLC’s holdings, making the stock its 13th biggest holding. Prospect Financial Services LLC’s holdings in Vornado Realty Trust were worth $3,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 valued at $109,228,000 after buying an additional 517,773 shares during the period. Northern Trust Corp lifted its position in Vornado Realty Trust by 1.8% in the first quarter. Northern Trust Corp now owns 2,790,326 shares of the real estate investment trust’s stock valued at $103,214,000 after buying an additional 49,197 shares during the last quarter. Earnest Partners LLC boosted its stake in Vornado Realty Trust by 3.3% during the first quarter. Earnest Partners LLC now owns 2,666,190 shares of the real estate investment trust’s stock worth $98,622,000 after buying an additional 86,000 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in Vornado Realty Trust by 32.2% during the first quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock worth $96,022,000 after buying an additional 632,721 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of VNO opened at $34.68 on Friday. The company has a market cap of $6.66 billion, a P/E ratio of 8.58, a PEG ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.52. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average price is $39.50 and its 200 day moving average price is $38.76.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company had revenue of $453.70 million during the quarter, compared to analysts’ expectations of $435.19 million. During the same quarter last year, the company posted $0.52 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VNO. Evercore ISI boosted their price target on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Bank of America dropped 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 report on Monday, August 25th. Truist Financial boosted their target price on Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Citigroup upgraded 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday, October 8th. Three investment 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. Based on data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $39.17.

Insider Buying and Selling

In other Vornado Realty Trust 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 transaction of $1,189,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.42% of the stock is owned by insiders.

About Vornado Realty Trust

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