Vornado Realty Trust (NYSE:VNO) Director Sells $56,380.00 in Stock

Vornado Realty Trust (NYSE:VNO) Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the transaction, the director now directly owns 3,034 shares of the company’s stock, valued at approximately $85,528.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vornado Realty Trust Stock Up 0.5 %

VNO opened at $28.87 on Monday. The stock’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $26.23. Vornado Realty Trust has a 1-year low of $18.36 and a 1-year high of $32.21. The stock has a market cap of $5.50 billion, a PE ratio of 192.48 and a beta of 1.64. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81.

Analyst Ratings Changes

VNO has been the subject of several recent research reports. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a report on Friday. Morgan Stanley upgraded shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Scotiabank lowered their target price on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. Barclays reduced their price target on Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Friday, May 24th. Finally, Piper Sandler lowered their price target on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, May 13th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.27.

Hedge Funds Weigh In On Vornado Realty Trust

Several large investors have recently modified their holdings of VNO. Vanguard Group Inc. boosted its holdings in shares of Vornado Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock worth $554,726,000 after buying an additional 116,504 shares during the period. Norges Bank acquired a new stake in Vornado Realty Trust during the fourth quarter worth approximately $489,922,000. Putnam Investments LLC lifted its position in Vornado Realty Trust by 3.0% during the fourth quarter. Putnam Investments LLC now owns 9,978,649 shares of the real estate investment trust’s stock worth $281,897,000 after acquiring an additional 288,952 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Vornado Realty Trust by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,196,145 shares of the real estate investment trust’s stock worth $178,264,000 after acquiring an additional 44,147 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Vornado Realty Trust by 141.9% in the third quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock valued at $96,128,000 after purchasing an additional 2,486,439 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.