Thrivent Financial for Lutherans Sells 1,172 Shares of Vornado Realty Trust (NYSE:VNO)

Thrivent Financial for Lutherans reduced its holdings in Vornado Realty Trust (NYSE:VNO – Get Rating) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,124 shares of the real estate investment trust’s stock after selling 1,172 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vornado Realty Trust were worth $585,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of VNO. Vanguard Group Inc. boosted its stake in Vornado Realty Trust by 1.0% in the third quarter. Vanguard Group Inc. now owns 27,358,232 shares of the real estate investment trust’s stock worth $633,617,000 after purchasing an additional 282,152 shares in the last quarter. BlackRock Inc. grew its holdings in Vornado Realty Trust by 3.3% during the 3rd quarter. BlackRock Inc. now owns 16,910,236 shares of the real estate investment trust’s stock worth $391,641,000 after acquiring an additional 540,856 shares during the last quarter. State Street Corp increased its position in Vornado Realty Trust by 5.6% in the 3rd quarter. State Street Corp now owns 14,749,324 shares of the real estate investment trust’s stock valued at $341,594,000 after acquiring an additional 776,978 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Vornado Realty Trust by 22.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,868,704 shares of the real estate investment trust’s stock valued at $139,196,000 after acquiring an additional 891,435 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Vornado Realty Trust by 6.4% in the third quarter. Bank of New York Mellon Corp now owns 2,233,871 shares of the real estate investment trust’s stock worth $51,736,000 after acquiring an additional 134,092 shares during the last quarter. 75.97% of the stock is currently owned by institutional investors.

Insider Activity

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. bought 16,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of $11.21 per share, with a total value of $179,360.00. Following the purchase, the director now owns 7,000 shares in the company, valued at $78,470. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 20,000 shares of company stock worth $224,680 in the last 90 days. Corporate insiders own 8.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VNO shares. Piper Sandler lowered shares of Vornado Realty Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $16.00 to $11.00 in a report on Wednesday, April 26th. Morgan Stanley cut their price target on Vornado Realty Trust from $18.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, March 31st. TheStreet lowered Vornado Realty Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, February 15th. The Goldman Sachs Group assumed coverage on shares of Vornado Realty Trust in a research report on Tuesday, March 21st. They set a “sell” rating and a $12.00 target price on the stock. Finally, Evercore ISI reduced their target price on shares of Vornado Realty Trust from $23.00 to $22.00 in a research note on Monday, March 27th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.00.

Vornado Realty Trust Stock Down 1.7 %

Shares of NYSE:VNO opened at $13.13 on Friday. The company has a 50 day moving average price of $14.35 and a two-hundred day moving average price of $19.47. The company has a market capitalization of $2.52 billion, a PE ratio of -5.86, a PEG ratio of 1.70 and a beta of 1.37. Vornado Realty Trust has a 52 week low of $12.31 and a 52 week high of $35.65. The company has a debt-to-equity ratio of 1.74, a quick ratio of 4.75 and a current ratio of 4.75.

Vornado Realty Trust (NYSE:VNO – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.61). Vornado Realty Trust had a positive return on equity of 2.51% and a negative net margin of 20.39%. The business had revenue of $445.92 million for the quarter, compared to analyst estimates of $452.70 million. During the same period in the previous year, the business posted $0.79 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Vornado Realty Trust will post 2.5 earnings per share for the current year.

Vornado Realty Trust declared that its board has initiated a share buyback program on Wednesday, April 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Vornado Realty Trust Profile

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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.