APG Asset Management US Inc. reduced its stake in Vornado Realty Trust (NYSE:VNO) by 15.2% in Q3, selling 147,480 shares, but still owning 824,054 shares valued at $33.97 million. Despite this reduction, institutional ownership remains high at 90.02%, with other firms like Goldman Sachs increasing their positions. Vornado recently missed EPS estimates, trades at $27.57, and analysts have a consensus “Hold” rating with an average target price of $37.36.
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APG Asset Management US Inc. Sells 147,480 Shares of Vornado Realty Trust $VNO
APG Asset Management US Inc. reduced its stake in Vornado Realty Trust (NYSE:VNO) by 15.2% in Q3, selling 147,480 shares, but still owning 824,054 shares valued at $33.97 million. Despite this reduction, institutional ownership remains high at 90.02%, with other firms like Goldman Sachs increasing their positions. Vornado recently missed EPS estimates, trades at $27.57, and analysts have a consensus “Hold” rating with an average target price of $37.36.