Ethic Inc. Acquires 4,751 Shares of Vornado Realty Trust $VNO

Ethic Inc. raised its holdings in Vornado Realty Trust (NYSE:VNO) by 12.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,184 shares of the real estate investment trust’s stock after buying an additional 4,751 shares during the period. Ethic Inc.’s holdings in Vornado Realty Trust were worth $1,692,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Pacific Heights Asset Management LLC grew its position in Vornado Realty Trust by 25.0% in the 2nd quarter. Pacific Heights Asset Management LLC now owns 125,000 shares of the real estate investment trust’s stock valued at $4,780,000 after acquiring an additional 25,000 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Vornado Realty Trust by 1.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 113,024 shares of the real estate investment trust’s stock valued at $4,340,000 after acquiring an additional 1,654 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Vornado Realty Trust in the 2nd quarter valued at $10,233,000. Yoffe Investment Management LLC bought a new position in Vornado Realty Trust in the 2nd quarter valued at $202,000. Finally, Allianz Asset Management GmbH grew its position in Vornado Realty Trust by 17.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 418,663 shares of the real estate investment trust’s stock valued at $16,010,000 after acquiring an additional 61,555 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VNO shares. Scotiabank cut their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a research report on Friday. Evercore ISI increased their price target on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Truist Financial increased their price target on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 12th. Finally, Mizuho dropped their price target on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.42.

Vornado Realty Trust Trading Up 0.1%

Shares of NYSE VNO opened at $39.37 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The stock has a market capitalization of $7.56 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 4.78 and a beta of 1.59. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63. The business has a fifty day moving average price of $39.74 and a 200 day moving average price of $38.52.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million during the quarter, compared to analysts’ expectations of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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