American Century Companies Inc. increased its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,168,126 shares of the real estate investment trust's stock after purchasing an additional 194,987 shares during the period. American Century Companies Inc. owned approximately 0.61% of Vornado Realty Trust worth $49,108,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in Vornado Realty Trust by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock valued at $444,859,000 after buying an additional 592,412 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 worth $268,912,000 after acquiring an additional 3,575,593 shares during the period. JPMorgan Chase & Co. increased 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. Geode Capital Management LLC lifted its holdings in Vornado Realty Trust by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust's stock valued at $122,417,000 after acquiring an additional 39,147 shares during the period. Finally, Bamco Inc. NY bought a new position in Vornado Realty Trust in the third quarter valued at about $75,347,000. Institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Price Performance
NYSE:VNO traded down $0.95 on Friday, reaching $36.75. 1,257,132 shares of the company's stock traded hands, compared to its average volume of 1,691,271. The stock has a 50-day simple moving average of $40.29 and a 200-day simple moving average of $41.03. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The firm has a market cap of $7.01 billion, a PE ratio of 918.80, a P/E/G ratio of 9.69 and a beta of 1.60. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) 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%. Equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Truist Financial upped their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Morgan Stanley lifted their price target 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. Compass Point boosted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.55.
View Our Latest Report on Vornado Realty Trust
Vornado Realty Trust Company Profile
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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