Resona Asset Management Co. Ltd. Has $2.56 Million Holdings in Vornado Realty Trust $VNO

Resona Asset Management Co. Ltd. trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO) by 7.4% during the second quarter, Holdings Channel.com reports. The firm owned 66,877 shares of the real estate investment trust’s stock after selling 5,339 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Vornado Realty Trust were worth $2,560,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. US Bancorp DE raised its position in Vornado Realty Trust by 1.3% in the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after purchasing an additional 259 shares during the last quarter. Signaturefd LLC boosted its position in Vornado Realty Trust by 1.4% in the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust’s stock valued at $758,000 after buying an additional 282 shares during the last quarter. Compound Planning Inc. increased its stake in shares of Vornado Realty Trust by 4.4% in the 1st quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 311 shares during the period. Amalgamated Bank raised its position in shares of Vornado Realty Trust by 0.4% during the second quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock worth $2,933,000 after acquiring an additional 314 shares during the last quarter. Finally, Norinchukin Bank The lifted its stake in shares of Vornado Realty Trust by 4.7% during the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 341 shares during the period. 90.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VNO shares. Truist Financial lifted their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of Vornado Realty Trust in a research report on Wednesday, October 8th. Mizuho lowered their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Piper Sandler dropped their price target 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. Finally, LADENBURG THALM/SH SH began 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 on the stock. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.33.

Vornado Realty Trust Price Performance

Shares of VNO opened at $36.34 on Tuesday. The stock has a market cap of $6.98 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The stock’s 50-day moving average price is $39.72 and its two-hundred day moving average price is $38.81. 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 (NYSE:VNO) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $453.70 million for the quarter, compared to the consensus estimate of $435.19 million. During the same period last year, the company posted $0.52 EPS. Vornado Realty Trust’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Profile

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