Vornado Realty Trust (NYSE:VNO) Shares Sold by NuWave Investment Management LLC



NuWave Investment Management LLC reduced its position in Vornado Realty Trust (NYSE:VNO – Get Rating) by 46.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,511 shares of the real estate investment trust’s stock after selling 1,308 shares during the period. NuWave Investment Management LLC’s holdings in Vornado Realty Trust were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VNO. Norges Bank acquired a new stake in shares of Vornado Realty Trust in the fourth quarter valued at about $756,928,000. State Street Corp lifted its stake in shares of Vornado Realty Trust by 7.8% in the fourth quarter. State Street Corp now owns 12,208,531 shares of the real estate investment trust’s stock valued at $511,049,000 after purchasing an additional 886,251 shares during the period. Pinebridge Investments LP lifted its stake in shares of Vornado Realty Trust by 17,658.9% in the fourth quarter. Pinebridge Investments LP now owns 654,414 shares of the real estate investment trust’s stock valued at $27,394,000 after purchasing an additional 650,729 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Vornado Realty Trust by 30.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,945,853 shares of the real estate investment trust’s stock valued at $81,453,000 after purchasing an additional 453,085 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Vornado Realty Trust by 27.5% in the third quarter. Bank of New York Mellon Corp now owns 1,616,801 shares of the real estate investment trust’s stock valued at $67,920,000 after purchasing an additional 348,835 shares during the period. Institutional investors own 82.19% of the company’s stock.

Shares of NYSE VNO opened at $28.56 on Friday. The company has a market cap of $5.48 billion, a PE ratio of 43.94 and a beta of 1.25. Vornado Realty Trust has a 12 month low of $27.64 and a 12 month high of $48.44. The company has a debt-to-equity ratio of 1.64, a current ratio of 4.70 and a quick ratio of 4.70. The company has a 50-day simple moving average of $34.92 and a 200-day simple moving average of $40.37.

Vornado Realty Trust (NYSE:VNO – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. Vornado Realty Trust had a net margin of 11.96% and a return on equity of 2.90%. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, analysts anticipate that Vornado Realty Trust will post 3.17 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Monday, May 9th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $2.12 annualized dividend and a dividend yield of 7.42%. Vornado Realty Trust’s dividend payout ratio is presently 326.16%.

In related news, Director Michael D. Fascitelli sold 119,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $41.97, for a total value of $4,998,627.00. Following the sale, the director now directly owns 1,100,451 shares of the company’s stock, valued at $46,185,928.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.87% of the stock is currently owned by company insiders.

Several equities analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of Vornado Realty Trust from $39.00 to $30.00 and set an “underweight” rating for the company in a report on Wednesday, June 1st. Trustee Financial dropped their target price on shares of Vornado Realty Trust from $51.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, June 15th. BMO Capital Markets downgraded shares of Vornado Realty Trust from an “outperform” rating to a “market performer” rating and dropped their target price for the company from $52.00 to $40.00 in a report on Tuesday, May 31st. StockNews.com downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, May 9th. Finally, Piper Sandler downgraded shares of Vornado Realty Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $44.00 to $35.00 in a report on Wednesday, May 4th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.57.

Vornado Realty Trust Profile (Get Rating)

Vornado’s portfolio is concentrated in the nation’s key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.

See Also

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)



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