Vornado Realty Trust (NYSE:VNO) saw an insider lower his position with the company today. The Director Michael D. Fascitelli disposed of 400,000 shares of common stock at an average price of $102.4 per share. Following this move, Fascitelli holds 105,191 shares indirectly. A $19.53 billion market cap company, Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT). Vornado conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a limited partnership (the Operating Partnership).
In addition, there are multiple institutional investors involved in the company. Martin Whitman‘s Third Avenue Management rose its position by 1% over the last fiscal quarter last quarter, and now holds 658,989 shares worth about $70 million; while Aqr Capital Management, the fund run by billionaire Cliff Asness, lowered its exposure by 3% last quarter, and now holds 132,324 shares worth approximately $14.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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