Nisa Investment Advisors LLC Sells 10,692 Shares of Vornado Realty Trust $VNO

Nisa Investment Advisors LLC reduced its position in shares of Vornado Realty Trust (NYSE:VNO) by 19.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 45,033 shares of the real estate investment trust’s stock after selling 10,692 shares during the period. Nisa Investment Advisors LLC’s holdings in Vornado Realty Trust were worth $1,722,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VNO. Invesco Ltd. lifted its holdings in Vornado Realty Trust by 34.0% during the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust’s stock valued at $155,476,000 after purchasing an additional 1,067,284 shares during the last quarter. Nuveen LLC bought a new position in Vornado Realty Trust during the 1st quarter valued at about $38,284,000. Centersquare Investment Management LLC lifted its holdings in Vornado Realty Trust by 32.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock valued at $96,022,000 after purchasing an additional 632,721 shares during the last quarter. Deutsche Bank AG lifted 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 valued at $109,228,000 after purchasing an additional 517,773 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings 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 during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Down 0.4%

VNO opened at $37.49 on Friday. 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 company has a market cap of $7.20 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 4.57 and a beta of 1.59. The firm has a 50 day simple moving average of $39.88 and a 200 day simple moving average of $38.64. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. Vornado Realty Trust’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. On average, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VNO. Mizuho cut their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Monday, July 14th. Barclays boosted their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Bank of America dropped their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $42.00 in a research note on Friday, September 12th. Finally, LADENBURG THALM/SH SH started coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $48.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.42.

Insider Buying and Selling at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the business’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 transaction of $1,189,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.42% of the stock is currently owned by company insiders.

About Vornado Realty Trust

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