Vanderbilt University Has $636,000 Holdings in Vornado Realty Trust (NYSE:VNO)

Vanderbilt University cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 27.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 17,200 shares of the real estate investment trust’s stock after selling 6,389 shares during the quarter. Vanderbilt University’s holdings in Vornado Realty Trust were worth $636,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Vornado Realty Trust during the first quarter worth $2,151,000. Handelsbanken Fonder AB increased its holdings in shares of Vornado Realty Trust by 20.7% during the first quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust’s stock worth $1,898,000 after buying an additional 8,800 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Vornado Realty Trust during the fourth quarter worth $235,000. Assetmark Inc. increased its holdings in shares of Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 286 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Vornado Realty Trust by 6.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock worth $9,321,000 after buying an additional 12,780 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president now owns 30,000 shares of the company’s stock, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VNO. Piper Sandler upped their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Barclays increased their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Morgan Stanley increased their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy 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 $37.91.

Vornado Realty Trust Price Performance

VNO stock opened at $40.48 on Friday. The stock has a market capitalization of $7.77 billion, a PE ratio of 77.84, a price-to-earnings-growth ratio of 14.91 and a beta of 1.52. The company’s 50-day moving average is $37.79 and its 200-day moving average is $39.42. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10. Vornado Realty Trust has a 1 year low of $24.76 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million for the quarter, compared to analysts’ expectations of $452.68 million. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities research analysts expect 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.