Vornado Realty Trust $VNO Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its stake in Vornado Realty Trust (NYSE:VNO) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,666 shares of the real estate investment trust’s stock after selling 1,887 shares during the quarter. Westpac Banking Corp’s holdings in Vornado Realty Trust were worth $1,364,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC boosted its stake in shares of Vornado Realty Trust by 75.3% in the second quarter. Intech Investment Management LLC now owns 39,319 shares of the real estate investment trust’s stock worth $1,504,000 after acquiring an additional 16,895 shares during the last quarter. Creative Planning lifted its holdings in Vornado Realty Trust by 7.3% in the 2nd quarter. Creative Planning now owns 43,113 shares of the real estate investment trust’s stock valued at $1,649,000 after purchasing an additional 2,934 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Vornado Realty Trust by 3.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 100,005 shares of the real estate investment trust’s stock worth $3,824,000 after purchasing an additional 3,216 shares during the last quarter. Candriam S.C.A. purchased a new stake in shares of Vornado Realty Trust during the second quarter worth $10,970,000. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Vornado Realty Trust by 6.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 66,863 shares of the real estate investment trust’s stock valued at $2,557,000 after buying an additional 3,938 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VNO. Truist Financial boosted their price target 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. Evercore ISI raised their target price on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Citigroup upgraded Vornado Realty Trust from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. LADENBURG THALM/SH SH assumed coverage on shares of Vornado Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $48.00 price objective for the company. Finally, Piper Sandler decreased their target price on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.17.

Vornado Realty Trust Trading Down 1.9%

VNO stock traded down $0.67 during mid-day trading on Monday, hitting $33.79. 43,515 shares of the company were exchanged, compared to its average volume of 1,489,290. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.52. The firm has a market capitalization of $6.49 billion, a P/E ratio of 8.41, a PEG ratio of 4.57 and a beta of 1.57. The business has a fifty day simple moving average of $39.36 and a 200-day simple moving average of $38.80. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, topping 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 firm had revenue of $453.70 million for the quarter, compared to analyst estimates of $435.19 million. During the same period in the prior year, the business posted $0.52 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the business’s stock in a transaction on 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 filing with the SEC, which is accessible through this link. Insiders own 8.42% of the company’s stock.

About Vornado Realty Trust

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