Amalgamated Bank Has $2.68 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Amalgamated Bank trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,063 shares of the real estate investment trust’s stock after selling 3,757 shares during the quarter. Amalgamated Bank’s holdings in Vornado Realty Trust were worth $2,683,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new position in Vornado Realty Trust during the 1st quarter worth approximately $55,000. EverSource Wealth Advisors LLC increased its position in Vornado Realty Trust by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,018 shares during the period. GAMMA Investing LLC increased its position in Vornado Realty Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 750 shares during the period. Clear Street Markets LLC acquired a new position in Vornado Realty Trust in the 4th quarter valued at approximately $147,000. Finally, Hilltop National Bank acquired a new position in Vornado Realty Trust in the 1st quarter valued at approximately $159,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Up 0.7 %

Shares of NYSE VNO opened at $39.38 on Wednesday. The firm has a market cap of $7.50 billion, a PE ratio of 262.53 and a beta of 1.65. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $39.91. The company’s fifty day simple moving average is $32.75 and its 200 day simple moving average is $28.36. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.37). The company had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the transaction, the director now directly owns 3,034 shares of the company’s stock, valued at $85,528.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and upped their price target for the company from $22.00 to $30.00 in a research report on Thursday, August 8th. Truist Financial upped their price target on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Saturday, July 20th. The Goldman Sachs Group upped their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Finally, Compass Point upped their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.43.

Vornado Realty Trust Company 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.