Nuveen Asset Management LLC Has $95.34 Million Holdings in Vornado Realty Trust (NYSE:VNO)

Nuveen Asset Management LLC cut its holdings in Vornado Realty Trust (NYSE:VNO) by 15.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,042,758 shares of the real estate investment trust’s stock after selling 382,587 shares during the quarter. Nuveen Asset Management LLC’s holdings in Vornado Realty Trust were worth $95,335,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VNO. Advisory Services Network LLC acquired a new stake in Vornado Realty Trust in the second quarter valued at about $26,000. Quadrant Capital Group LLC boosted its stake in shares of Vornado Realty Trust by 66.1% during the second quarter. Quadrant Capital Group LLC now owns 661 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Vornado Realty Trust during the second quarter valued at about $32,000. Deseret Mutual Benefit Administrators acquired a new stake in shares of Vornado Realty Trust during the second quarter valued at about $75,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Vornado Realty Trust during the second quarter valued at about $93,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of VNO stock opened at $42.92 on Thursday. The company has a market cap of $8.22 billion, a P/E ratio of -79.48 and a beta of 1.42. The stock has a 50 day simple moving average of $42.50 and a two-hundred day simple moving average of $44.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 7.61 and a current ratio of 7.61. Vornado Realty Trust has a fifty-two week low of $29.79 and a fifty-two week high of $50.91.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, August 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.55). Vornado Realty Trust had a positive return on equity of 2.44% and a negative net margin of 2.95%. The business had revenue of $378.94 million during the quarter, compared to the consensus estimate of $378.90 million. During the same quarter in the previous year, the firm posted ($1.03) earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, research analysts predict that Vornado Realty Trust will post 2.77 earnings per share for the current year.

A number of brokerages have recently commented on VNO. Morgan Stanley lifted their price target on Vornado Realty Trust from $41.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, July 7th. Citigroup raised their price objective on Vornado Realty Trust from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 6th. Finally, Bank of America upgraded Vornado Realty Trust from an “underperform” rating to a “neutral” rating in a research report on Friday, September 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $44.71.

Vornado Realty Trust Profile

Vornado Realty Trust is a real estate investment trust. The company owns office, retail, merchandise mart properties and other real estate and related investments. Its office properties include various building office complexes and Bank of America Center in San Francisco. The company’s retail properties include shopping centers, regional malls single tenant retail assets.

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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