286,849 Shares in Vornado Realty Trust $VNO Purchased by Candriam S.C.A.

Candriam S.C.A. acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 286,849 shares of the real estate investment trust’s stock, valued at approximately $10,970,000.

Several other large investors also recently added to or reduced their stakes in VNO. Invesco Ltd. grew its stake in Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust’s stock worth $155,476,000 after acquiring an additional 1,067,284 shares in the last quarter. Nuveen LLC bought a new position in Vornado Realty Trust in the first quarter worth approximately $38,284,000. Centersquare Investment Management LLC grew its stake in Vornado Realty Trust by 32.2% in the first quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock worth $96,022,000 after purchasing an additional 632,721 shares in the last quarter. Deutsche Bank AG increased its holdings in Vornado Realty Trust by 21.3% during the 1st quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust’s stock worth $109,228,000 after purchasing an additional 517,773 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in Vornado Realty Trust by 106.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 972,817 shares of the real estate investment trust’s stock valued at $35,985,000 after purchasing an additional 500,861 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.42% of the stock is owned by insiders.

Vornado Realty Trust Price Performance

VNO opened at $34.44 on Friday. The firm has a market capitalization of $6.61 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 4.57 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The business’s 50-day moving average is $39.36 and its two-hundred day moving average is $38.75. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.52.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 had revenue of $453.70 million for the quarter, compared to analysts’ expectations of $435.19 million. During the same period last year, the business earned $0.52 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VNO has been the topic of a number of recent research reports. Evercore ISI increased their price target on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Piper Sandler dropped their target price on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Bank of America cut their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Scotiabank lowered their price target on shares of Vornado Realty Trust from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Truist Financial lifted their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 12th. Three investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.17.

Vornado Realty Trust Company Profile

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