PEAK6 LLC bought a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,599 shares of the real estate investment trust's stock, valued at approximately $992,000.
A number of other institutional investors have also bought and sold shares of VNO. Norges Bank bought a new stake in Vornado Realty Trust in the fourth quarter valued at $729,073,000. Principal Financial Group Inc. increased its stake in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock worth $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock valued at $131,833,000 after buying an additional 1,651,819 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Vornado Realty Trust by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock valued at $500,263,000 after buying an additional 792,100 shares in the last quarter. Institutional investors own 90.02% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on VNO shares. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Barclays upped their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $38.00.
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Vornado Realty Trust Stock Performance
VNO traded up $0.58 during midday trading on Thursday, reaching $35.50. The company had a trading volume of 1,154,740 shares, compared to its average volume of 1,662,716. The business has a 50-day moving average price of $37.12 and a two-hundred day moving average price of $40.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The stock has a market cap of $6.81 billion, a PE ratio of 887.50, a P/E/G ratio of 9.69 and a beta of 1.49.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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