Legal & General Group Plc Sells 104,822 Shares of Vornado Realty Trust $VNO

Legal & General Group Plc lowered its stake in Vornado Realty Trust (NYSE:VNO) by 5.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,758,352 shares of the real estate investment trust’s stock after selling 104,822 shares during the quarter. Legal & General Group Plc’s holdings in Vornado Realty Trust were worth $67,239,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Vornado Realty Trust by 1.3% in the second quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after buying an additional 259 shares during the period. Compound Planning Inc. boosted its position in Vornado Realty Trust by 4.4% during 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 boosted its position in Vornado Realty Trust by 0.4% during the 2nd quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock valued at $2,933,000 after buying an additional 314 shares during the period. ProShare Advisors LLC grew its holdings in Vornado Realty Trust by 4.7% in the 2nd quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 330 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of Vornado Realty Trust by 4.7% in 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. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of NYSE VNO opened at $37.20 on Wednesday. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.52. The stock has a market capitalization of $7.14 billion, a P/E ratio of 9.21, a P/E/G ratio of 4.57 and a beta of 1.57. The company’s 50-day moving average is $38.35 and its 200 day moving average is $38.62. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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 return on equity of 19.64% and a net margin of 48.49%.The business had revenue of $453.70 million for the quarter, compared to analysts’ expectations of $435.19 million. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VNO shares. LADENBURG THALM/SH SH assumed coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $48.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Vornado Realty Trust in a report on Wednesday, October 8th. Citigroup raised Vornado Realty Trust from a “sell” rating to a “neutral” rating and upped their price target for the company from $34.00 to $42.00 in a research report on Friday, September 12th. JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Monday. Finally, Bank of America reduced their target price on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.31.

Insider Activity at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.42% of the stock is currently owned by insiders.

Vornado Realty Trust Profile

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