Rhumbline Advisers Has $18.68 Million Stock Position in Vornado Realty Trust $VNO

Rhumbline Advisers lowered its position in Vornado Realty Trust (NYSE:VNO) by 0.5% during the 2nd quarter, Holdings Channel reports. The fund owned 488,515 shares of the real estate investment trust’s stock after selling 2,536 shares during the period. Rhumbline Advisers’ holdings in Vornado Realty Trust were worth $18,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Tree Management LP raised its position in shares of Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 38,585 shares during the period. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 347 shares during the last quarter. Bfsg LLC lifted its stake in shares of Vornado Realty Trust by 14.4% in the second quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 600 shares in the last quarter. Yoffe Investment Management LLC acquired a new position in shares of Vornado Realty Trust during the second quarter valued at about $202,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Vornado Realty Trust during the second quarter worth about $207,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $36.82 on Friday. The business’s fifty day simple moving average is $38.06 and its 200 day simple moving average is $38.57. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. 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 $7.07 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 4.57 and a beta of 1.57.

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

Analyst Upgrades and Downgrades

VNO has been the topic of several recent research reports. Truist Financial raised their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Bank of America cut their target price on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH started coverage on Vornado Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Piper Sandler reduced their target price on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.31.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 8.42% of the company’s stock.

Vornado Realty Trust Company Profile

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