Levin Capital Strategies L.P. Cuts Stock Position in Vornado Realty Trust $VNO

Levin Capital Strategies L.P. lessened its stake in Vornado Realty Trust (NYSE:VNO) by 37.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,500 shares of the real estate investment trust’s stock after selling 8,500 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Vornado Realty Trust were worth $554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Tree Management LP boosted its stake in Vornado Realty Trust by 102.1% during the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 38,585 shares during the last quarter. Assetmark Inc. boosted its stake in Vornado Realty Trust by 23.3% during the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 347 shares during the last quarter. Bfsg LLC boosted its stake in Vornado Realty Trust by 14.4% during the 2nd quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 600 shares during the last quarter. Yoffe Investment Management LLC acquired a new stake in Vornado Realty Trust during the 2nd quarter worth $202,000. Finally, Sowell Financial Services LLC acquired a new stake in Vornado Realty Trust during the 2nd quarter worth $207,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

VNO has been the topic of several recent research reports. Barclays lifted their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH initiated coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $48.00 target price on the stock. Scotiabank lowered their target price on shares of Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Finally, Mizuho lowered their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and an average price target of $39.42.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.42% of the company’s stock.

Vornado Realty Trust Trading Down 0.5%

Shares of VNO stock opened at $37.76 on Tuesday. The company’s 50-day moving average price is $39.87 and its 200-day moving average price is $38.75. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 4.57 and a beta of 1.59. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63.

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 the consensus estimate 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’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, equities analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Company Profile

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