First Trust Advisors LP Lowers Holdings in Vornado Realty Trust $VNO

First Trust Advisors LP decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 64.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 23,019 shares of the real estate investment trust’s stock after selling 41,947 shares during the quarter. First Trust Advisors LP’s holdings in Vornado Realty Trust were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNO. PNC Financial Services Group Inc. lifted its stake in shares of Vornado Realty Trust by 11.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,412 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 1,242 shares during the last quarter. Commonwealth Financial Services LLC acquired a new stake in shares of Vornado Realty Trust during the 1st quarter worth about $241,000. Dimensional Fund Advisors LP raised its holdings in Vornado Realty Trust by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,514,173 shares of the real estate investment trust’s stock valued at $65,340,000 after buying an additional 13,017 shares during the period. Parallel Advisors LLC raised its holdings in Vornado Realty Trust by 22.9% in the 1st quarter. Parallel Advisors LLC now owns 11,232 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 2,090 shares during the period. Finally, Swiss National Bank raised its holdings in Vornado Realty Trust by 0.4% in the 1st quarter. Swiss National Bank now owns 323,017 shares of the real estate investment trust’s stock valued at $8,395,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VNO shares. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Scotiabank upped their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. BMO Capital Markets increased their price objective on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Citigroup increased their price objective on shares of Vornado Realty Trust from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Weiss Ratings downgraded shares of Vornado Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.83.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the sale, the director owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of Vornado Realty Trust stock in a transaction on Monday, June 8th. The stock was bought at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the transaction, the director directly owned 13,000 shares in the company, valued at $220,220. This represents a 44.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 9.00% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $38.83 on Wednesday. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company has a fifty day simple moving average of $38.79 and a two-hundred day simple moving average of $32.57. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 1,942.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.49). The company had revenue of $462.24 million during the quarter, compared to analyst estimates of $454.46 million. Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

Vornado Realty Trust announced that its Board of Directors has authorized a stock buyback plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.