Sumitomo Mitsui Trust Group Inc. Trims Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Sumitomo Mitsui Trust Group Inc. cut its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 76.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,576 shares of the real estate investment trust's stock after selling 590,288 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.10% of Vornado Realty Trust worth $7,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Entropy Technologies LP grew its holdings in shares of Vornado Realty Trust by 92.7% during the 3rd quarter. Entropy Technologies LP now owns 23,670 shares of the real estate investment trust's stock worth $933,000 after purchasing an additional 11,386 shares during the period. Atria Investments Inc boosted its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Atria Investments Inc now owns 51,725 shares of the real estate investment trust's stock worth $2,038,000 after purchasing an additional 2,752 shares during the period. Assetmark Inc. increased its holdings in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 661 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Vornado Realty Trust by 428.3% during the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Vornado Realty Trust by 1.1% in the third quarter. Asset Management One Co. Ltd. now owns 237,156 shares of the real estate investment trust's stock valued at $9,344,000 after buying an additional 2,659 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. The Goldman Sachs Group boosted 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 note on Thursday, September 12th. StockNews.com upgraded Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. Scotiabank upped their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Finally, Barclays lifted their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research note on Monday, October 28th. 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $34.07.

Vornado Realty Trust Stock Up 1.9 %

Vornado Realty Trust stock traded up $0.76 during midday trading on Tuesday, reaching $41.06. 878,166 shares of the company were exchanged, compared to its average volume of 2,011,821. The firm's 50-day simple moving average is $40.41 and its 200-day simple moving average is $32.26. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 1 year low of $21.16 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million during the quarter, compared to analysts' expectations of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm's revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, research analysts forecast that Vornado Realty Trust will post 2.15 EPS for the current year.

Vornado Realty Trust Company Profile

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