KBC Group NV Sells 3,183 Shares of Vornado Realty Trust $VNO

KBC Group NV lowered its stake in Vornado Realty Trust (NYSE:VNO) by 40.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,728 shares of the real estate investment trust’s stock after selling 3,183 shares during the period. KBC Group NV’s holdings in Vornado Realty Trust were worth $181,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Twin Tree Management LP lifted its position in shares of Vornado Realty Trust by 102.1% in 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 period. Assetmark Inc. raised its stake in Vornado Realty Trust by 23.3% in the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 347 shares in the last quarter. Bfsg LLC lifted its holdings in Vornado Realty Trust by 14.4% in the second quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 600 shares during the period. Yoffe Investment Management LLC purchased a new stake in Vornado Realty Trust in the second quarter worth about $202,000. Finally, Sowell Financial Services LLC bought a new stake in Vornado Realty Trust during the 2nd quarter valued at approximately $207,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNO has been the topic of a number of recent research reports. LADENBURG THALM/SH SH started coverage on shares of Vornado Realty Trust in a research report on Monday, October 13th. They issued a “buy” rating and a $48.00 target price on the stock. Barclays boosted their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Piper Sandler cut their target price on Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Truist Financial lifted their target price on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Finally, Bank of America lowered their price target on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, August 25th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.17.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.42% of the stock is currently owned by company insiders.

Vornado Realty Trust Stock Up 2.3%

Shares of VNO stock opened at $34.06 on Thursday. 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 company has a 50 day simple moving average of $38.95 and a two-hundred day simple moving average of $38.72. The stock has a market cap of $6.54 billion, a P/E ratio of 8.43, a P/E/G ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.52.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $453.70 million during the quarter, compared to analyst estimates of $435.19 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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