Vornado Realty Trust (NYSE:VNO) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Vornado Realty Trust (NYSE:VNO) by 76.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,576 shares of the real estate investment trust’s stock after selling 590,288 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.10% of Vornado Realty Trust worth $7,154,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. lifted its position in Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 844 shares in the last quarter. Assetmark Inc. lifted its position in Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vornado Realty Trust during the second quarter valued at approximately $48,000. EverSource Wealth Advisors LLC lifted its position in shares of Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Vornado Realty Trust by 42.5% in the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 665 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $29.00 to $40.00 in a research note on Thursday, August 8th. Scotiabank upped their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Bank of America upped their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Finally, Truist Financial upped their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Stock Down 0.8 %

Shares of NYSE:VNO opened at $40.29 on Tuesday. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of -138.93 and a beta of 1.64. Vornado Realty Trust has a 1-year low of $21.16 and a 1-year high of $46.63. The company’s fifty day moving average is $40.41 and its two-hundred day moving average is $32.26. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. Equities analysts anticipate that Vornado Realty Trust will post 2.15 EPS for the current year.

Vornado Realty Trust Company Profile

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