Rhumbline Advisers Cuts Holdings in Vornado Realty Trust (NYSE:VNO)

Rhumbline Advisers cut its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 489,808 shares of the real estate investment trust's stock after selling 15,466 shares during the period. Rhumbline Advisers owned about 0.26% of Vornado Realty Trust worth $12,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VNO. Victory Capital Management Inc. boosted its stake in shares of Vornado Realty Trust by 48.7% in the 4th quarter. Victory Capital Management Inc. now owns 55,752 shares of the real estate investment trust's stock valued at $1,575,000 after buying an additional 18,249 shares during the period. Private Advisor Group LLC raised its holdings in Vornado Realty Trust by 29.5% in the fourth quarter. Private Advisor Group LLC now owns 15,287 shares of the real estate investment trust's stock valued at $432,000 after acquiring an additional 3,479 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Vornado Realty Trust by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,623,058 shares of the real estate investment trust's stock worth $74,101,000 after acquiring an additional 76,882 shares during the last quarter. Principal Securities Inc. acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $58,000. Finally, Jump Financial LLC increased its position in shares of Vornado Realty Trust by 26.1% in the 4th quarter. Jump Financial LLC now owns 45,940 shares of the real estate investment trust's stock valued at $1,298,000 after purchasing an additional 9,500 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Price Performance

NYSE VNO traded up $0.55 during mid-day trading on Wednesday, hitting $34.13. The stock had a trading volume of 2,285,539 shares, compared to its average volume of 2,079,014. The company has a 50 day simple moving average of $30.71 and a 200 day simple moving average of $27.54. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 225.08 and a beta of 1.65. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $35.26.

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 the consensus estimate 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 analysts' expectations of $439.28 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Vornado Realty Trust's quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of Vornado Realty Trust stock in a transaction that occurred on Thursday, July 11th. The stock was 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 directly owns 3,034 shares in the company, valued at approximately $85,528.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VNO shares. Compass Point boosted 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 note on Wednesday, August 7th. BMO Capital Markets upgraded Vornado Realty Trust from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Barclays boosted their target price on Vornado Realty Trust from $21.00 to $27.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 14th. The Goldman Sachs Group increased their price target on shares of Vornado Realty Trust from $19.00 to $21.50 and gave the company a "sell" rating in a research note on Tuesday, August 27th. Finally, StockNews.com raised shares of Vornado Realty Trust to a "sell" rating in a report on Saturday, July 20th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $30.23.

Vornado Realty Trust Profile

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.