MetLife Investment Management LLC Sells 1,427 Shares of Vornado Realty Trust $VNO

by · The Cerbat Gem

MetLife Investment Management LLC cut its holdings in shares of Vornado Realty Trust (NYSE:VNO – Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,107 shares of the real estate investment trust’s stock after selling 1,427 shares during the period. MetLife Investment Management LLC owned about 0.05% of Vornado Realty Trust worth $3,592,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VNO. Deutsche Bank AG lifted its stake in shares of Vornado Realty Trust by 180.7% in the 4th quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust’s stock valued at $102,373,000 after acquiring an additional 1,567,742 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust’s stock valued at $115,237,000 after acquiring an additional 1,358,498 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust’s stock valued at $155,476,000 after acquiring an additional 1,067,284 shares during the last quarter. Nuveen LLC bought a new position in shares of Vornado Realty Trust in the 1st quarter valued at $38,284,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of Vornado Realty Trust in the 4th quarter valued at $28,651,000. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Up 1.4%

Shares of NYSE:VNO opened at $38.09 on Friday. The firm has a market cap of $7.31 billion, a P/E ratio of 9.43, a P/E/G ratio of 4.84 and a beta of 1.56. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63. The business has a fifty day simple moving average of $38.01 and a 200 day simple moving average of $37.94.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. During the same period last year, the company earned $0.57 EPS. Vornado Realty Trust’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analyst Ratings Changes

VNO has been the subject of a number of research reports. Mizuho dropped their price target on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday, July 14th. Bank of America dropped their price target on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. Piper Sandler raised their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Wall Street Zen raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, Evercore ISI lowered their target price on Vornado Realty Trust from $45.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.90.

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Vornado Realty Trust Profile

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

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