Principal Financial Group Inc. Sells 149,515 Shares of Vornado Realty Trust $VNO

Principal Financial Group Inc. trimmed its position in Vornado Realty Trust (NYSE:VNO) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,895,193 shares of the real estate investment trust’s stock after selling 149,515 shares during the quarter. Principal Financial Group Inc.’s holdings in Vornado Realty Trust were worth $153,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Danske Bank A S acquired a new position in Vornado Realty Trust in the 3rd quarter valued at $28,000. Advisory Services Network LLC acquired a new position in Vornado Realty Trust during the 3rd quarter worth $33,000. Farmers & Merchants Investments Inc. lifted its position in Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 718 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Vornado Realty Trust during the 4th quarter worth $36,000. Finally, BOKF NA boosted its holdings in Vornado Realty Trust by 1,257.1% during the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,056 shares during the period. 90.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VNO shares. Morgan Stanley lowered their price target on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. LADENBURG THALM/SH SH increased their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Truist Financial raised their target price on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. lifted their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, BMO Capital Markets lifted their price target on Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and a consensus target price of $36.33.

Insiders Place Their Bets

In related news, Director Michael D. Fascitelli sold 133,350 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the transaction, the director directly owned 475,161 shares of the company’s stock, valued at $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were acquired at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the purchase, the director directly owned 13,000 shares of the company’s stock, valued at approximately $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. Corporate insiders own 9.00% of the company’s stock.

Vornado Realty Trust Trading Up 2.1%

Shares of VNO opened at $39.12 on Wednesday. The stock’s 50-day moving average price is $35.72 and its 200 day moving average price is $31.71. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.93 and a beta of 1.53. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The firm had revenue of $459.11 million during the quarter, compared to the consensus estimate of $431.71 million. During the same quarter in the prior year, the business posted $0.63 EPS. Vornado Realty Trust’s revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that Vornado Realty Trust will post 2.34 earnings per share for the current year.

Vornado Realty Trust declared that its board has approved a share repurchase program on Wednesday, April 29th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About Vornado Realty Trust

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.