Allstate Corp Purchases 8,540 Shares of Vornado Realty Trust (NYSE:VNO)

Allstate Corp boosted its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 68.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,952 shares of the real estate investment trust's stock after acquiring an additional 8,540 shares during the period. Allstate Corp's holdings in Vornado Realty Trust were worth $881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VNO. Norges Bank acquired a new position in shares of Vornado Realty Trust in the 4th quarter worth approximately $729,073,000. Franklin Resources Inc. raised its stake in Vornado Realty Trust by 5.6% during the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock worth $444,859,000 after buying an additional 592,412 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Vornado Realty Trust by 126.8% in the fourth 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 buying an additional 3,575,593 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $139,045,000 after acquiring an additional 2,468,652 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Vornado Realty Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust's stock worth $122,417,000 after acquiring an additional 39,147 shares during the period. Institutional investors and hedge funds own 90.02% of the company's stock.

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Vornado Realty Trust Stock Down 11.2 %

Shares of VNO traded down $4.26 on Thursday, reaching $33.87. The company's stock had a trading volume of 2,605,092 shares, compared to its average volume of 1,691,193. The stock has a market capitalization of $6.46 billion, a PE ratio of 846.63, a PEG ratio of 9.69 and a beta of 1.60. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The firm has a fifty day moving average of $40.06 and a 200-day moving average of $41.07.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 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%. Equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, February 25th. Barclays increased their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Truist Financial raised their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $38.55.

Vornado Realty Trust Profile

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