Advisors Capital Management LLC decreased its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,502 shares of the real estate investment trust's stock after selling 66,029 shares during the period. Advisors Capital Management LLC owned 0.26% of Vornado Realty Trust worth $20,999,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc grew its position in Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 872 shares during the last quarter. FIL Ltd bought a new position in shares of Vornado Realty Trust during the 4th quarter worth about $49,000. Finally, Assetmark Inc. grew its position in Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after buying an additional 286 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.
Analyst Upgrades and Downgrades
VNO has been the subject of a number of recent research reports. Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Barclays raised their price target 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. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. Two investment 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, Vornado Realty Trust currently has an average rating of "Hold" and a consensus price target of $38.00.
Check Out Our Latest Stock Report on VNO
Vornado Realty Trust Price Performance
Shares of NYSE VNO traded up $0.26 during trading on Friday, reaching $34.45. The company had a trading volume of 867,851 shares, compared to its average volume of 1,660,675. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. 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 business's 50 day moving average price is $37.78 and its 200-day moving average price is $40.58. The stock has a market cap of $6.61 billion, a PE ratio of 861.23, a PEG 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 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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