Glen J. Weiss Sells 3,978 Shares of Vornado Realty Trust (NYSE:VNO) Stock

Vornado Realty Trust (NYSE:VNO) EVP Glen J. Weiss sold 3,978 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $64.57, for a total value of $256,859.46. Following the transaction, the executive vice president now directly owns 3,978 shares in the company, valued at approximately $256,859.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE VNO traded down $0.74 on Thursday, reaching $63.22. The company had a trading volume of 729,199 shares, compared to its average volume of 1,054,851. The stock’s 50 day moving average is $64.14 and its 200-day moving average is $64.28. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 5.98 and a beta of 0.97. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.10. Vornado Realty Trust has a 52 week low of $58.60 and a 52 week high of $72.50.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.46). The company had revenue of $465.96 million during the quarter, compared to the consensus estimate of $457.27 million. Vornado Realty Trust had a net margin of 151.59% and a return on equity of 4.90%. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, analysts forecast that Vornado Realty Trust will post 3.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 4th were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.64 dividend on an annualized basis and a yield of 4.18%. Vornado Realty Trust’s dividend payout ratio is presently 70.21%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. increased its holdings in Vornado Realty Trust by 7.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 28,483 shares of the real estate investment trust’s stock valued at $1,818,000 after purchasing an additional 1,978 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Vornado Realty Trust by 6.5% in the third quarter. New York State Teachers Retirement System now owns 236,133 shares of the real estate investment trust’s stock worth $15,035,000 after acquiring an additional 14,356 shares in the last quarter. Capital Fund Management S.A. increased its holdings in shares of Vornado Realty Trust by 196.0% in the second quarter. Capital Fund Management S.A. now owns 44,100 shares of the real estate investment trust’s stock worth $2,827,000 after acquiring an additional 29,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Vornado Realty Trust by 5.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,554 shares of the real estate investment trust’s stock worth $5,933,000 after acquiring an additional 5,020 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Vornado Realty Trust by 10.4% in the second quarter. Bank of New York Mellon Corp now owns 1,591,010 shares of the real estate investment trust’s stock worth $101,984,000 after acquiring an additional 149,413 shares in the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.

VNO has been the topic of several research reports. SunTrust Banks set a $72.00 price target on Vornado Realty Trust and gave the company a “buy” rating in a research note on Monday, August 26th. Barclays set a $79.00 price target on Vornado Realty Trust and gave the company a “hold” rating in a research note on Friday, October 11th. Morgan Stanley lowered Vornado Realty Trust from an “overweight” rating to an “equal” rating and cut their price target for the company from $72.00 to $68.00 in a research note on Friday, October 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $79.00 price target on shares of Vornado Realty Trust in a research note on Wednesday, July 31st. Finally, Citigroup cut their price target on Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.13.

About Vornado Realty Trust

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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