Vornado Realty Trust (NYSE:VNO) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,543,096 shares of the real estate investment trust's stock after purchasing an additional 24,322 shares during the quarter. Bank of New York Mellon Corp owned about 0.81% of Vornado Realty Trust worth $40,568,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $489,922,000. Nomura Holdings Inc. raised its holdings in Vornado Realty Trust by 2,410.2% in the fourth quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust's stock valued at $27,488,000 after acquiring an additional 934,271 shares in the last quarter. Natixis acquired a new stake in Vornado Realty Trust in the first quarter valued at approximately $21,564,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Vornado Realty Trust by 324.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust's stock valued at $20,292,000 after acquiring an additional 590,176 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in Vornado Realty Trust by 131.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,007,733 shares of the real estate investment trust's stock valued at $28,468,000 after acquiring an additional 572,955 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock traded up $0.40 during midday trading on Monday, reaching $34.37. The company's stock had a trading volume of 1,648,600 shares, compared to its average volume of 2,760,272. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $35.26. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The stock's 50 day simple moving average is $29.76 and its 200 day simple moving average is $27.21. The firm has a market capitalization of $6.55 billion, a PE ratio of 229.15 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.37). The firm had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. On average, equities research analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the stock an "underweight" rating in a report on Wednesday, August 14th. BMO Capital Markets raised shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Bank of America raised their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of Vornado Realty Trust to a "sell" rating in a research report on Saturday, July 20th. Finally, Compass Point raised their target price on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $29.32.

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the business's stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the transaction, the director now owns 3,034 shares of the company's stock, valued at approximately $85,528.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.14% of the company's stock.

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.