New Age Alpha Advisors LLC Buys New Stake in Vornado Realty Trust (NYSE:VNO)

New Age Alpha Advisors LLC purchased a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 97,779 shares of the real estate investment trust's stock, valued at approximately $4,111,000. New Age Alpha Advisors LLC owned approximately 0.05% of Vornado Realty Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in Vornado Realty Trust during the 4th quarter valued at about $729,073,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Vornado Realty Trust by 4.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 109,796 shares of the real estate investment trust's stock valued at $4,659,000 after buying an additional 4,358 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Vornado Realty Trust by 35.6% in the fourth quarter. Prudential Financial Inc. now owns 121,650 shares of the real estate investment trust's stock valued at $5,114,000 after purchasing an additional 31,947 shares during the period. LPL Financial LLC increased its holdings in Vornado Realty Trust by 11.9% in the 4th quarter. LPL Financial LLC now owns 78,917 shares of the real estate investment trust's stock worth $3,318,000 after buying an additional 8,398 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Vornado Realty Trust in the fourth quarter worth $1,413,000. Hedge funds and other institutional investors own 90.02% of the company's stock.

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Vornado Realty Trust Trading Up 1.9 %

Shares of NYSE VNO traded up $0.72 during midday trading on Tuesday, reaching $37.71. 666,960 shares of the stock were exchanged, compared to its average volume of 1,686,977. The stock has a market capitalization of $7.20 billion, a P/E ratio of 942.85, a PEG ratio of 9.69 and a beta of 1.60. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The company has a 50 day simple moving average of $40.21 and a 200 day simple moving average of $41.08. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Morgan Stanley boosted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $38.55.

Vornado Realty Trust Company Profile

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