Truist Financial Corp Has $201,000 Stock Position in Vornado Realty Trust (NYSE:VNO)

Truist Financial Corp trimmed its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 60.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,657 shares of the real estate investment trust's stock after selling 11,574 shares during the period. Truist Financial Corp's holdings in Vornado Realty Trust were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Vornado Realty Trust by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,196,145 shares of the real estate investment trust's stock valued at $178,264,000 after purchasing an additional 44,147 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in Vornado Realty Trust by 45.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust's stock valued at $51,875,000 after buying an additional 612,765 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Vornado Realty Trust by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,543,096 shares of the real estate investment trust's stock worth $40,568,000 after acquiring an additional 24,322 shares during the period. Castle Hook Partners LP grew its holdings in Vornado Realty Trust by 66.9% during the first quarter. Castle Hook Partners LP now owns 926,962 shares of the real estate investment trust's stock worth $26,669,000 after acquiring an additional 371,517 shares during the period. Finally, National Bank of Canada FI raised its position in Vornado Realty Trust by 7.9% in the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust's stock worth $26,385,000 after acquiring an additional 67,100 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Up 2.6 %

VNO traded up $1.11 on Friday, reaching $43.38. 1,908,882 shares of the company traded hands, compared to its average volume of 1,805,378. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 482.00 and a beta of 1.65. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The stock's 50 day moving average price is $36.55 and its 200-day moving average price is $30.00. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $43.61.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.37). The company had revenue of $450.27 million during 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 revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, sell-side analysts expect that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on VNO. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a research report on Thursday, September 12th. Truist Financial boosted their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Barclays increased their price target on Vornado Realty Trust from $21.00 to $27.00 and gave the company an "underweight" rating in a research report on Wednesday, August 14th. Scotiabank boosted their price objective on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a "sector perform" rating in a report on Wednesday, September 4th. Finally, Piper Sandler reaffirmed a "neutral" rating on shares of Vornado Realty Trust in a research note on Friday. Four 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's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $30.43.

Vornado Realty Trust Profile

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