Sumitomo Mitsui Trust Holdings Inc. Has $20.29 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 324.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 771,864 shares of the real estate investment trust's stock after buying an additional 590,176 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.41% of Vornado Realty Trust worth $20,292,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new stake in Vornado Realty Trust in the 1st quarter valued at about $55,000. Principal Securities Inc. purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth about $58,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 1,018 shares during the period. GAMMA Investing LLC purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth about $116,000. Finally, Clear Street Markets LLC purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth about $147,000. Hedge funds and other institutional investors own 90.02% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on VNO. StockNews.com upgraded shares of Vornado Realty Trust to a "sell" rating in a report on Saturday, July 20th. Scotiabank cut their price target on shares of Vornado Realty Trust from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Thursday, May 16th. BMO Capital Markets upgraded shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and raised their price target for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Compass Point lifted their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Finally, Evercore ISI upgraded shares of Vornado Realty Trust from an "underperform" rating to an "outperform" rating and lifted their price objective for the company from $32.00 to $38.00 in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of "Hold" and an average price target of $28.50.

Insider Activity

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the business's stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the completion of the transaction, the director now owns 3,034 shares of the company's stock, valued at $85,528.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.14% of the company's stock.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded up $1.13 during mid-day trading on Wednesday, reaching $34.55. The company's stock had a trading volume of 3,692,570 shares, compared to its average volume of 2,066,205. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 224.01 and a beta of 1.64. The business has a 50 day moving average price of $28.21 and a 200-day moving average price of $26.66. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. Vornado Realty Trust has a twelve month low of $18.36 and a twelve month high of $34.67.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same period in the prior year, the firm earned $0.72 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts predict that Vornado Realty Trust will post 2.12 EPS for the current fiscal year.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.