APG Asset Management US Inc. Raises Stake in Vornado Realty Trust (NYSE:VNO)

APG Asset Management US Inc. boosted its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 733,774 shares of the real estate investment trust's stock after acquiring an additional 84,693 shares during the quarter. APG Asset Management US Inc. owned 0.38% of Vornado Realty Trust worth $30,848,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Vornado Realty Trust during the 4th quarter worth about $4,015,000. JPMorgan Chase & Co. increased its stake in shares of 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 period. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock valued at $111,146,000 after acquiring an additional 2,286,997 shares in the last quarter. UMB Bank n.a. lifted its stake in Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $235,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded up $0.29 during midday trading on Monday, hitting $33.52. 265,329 shares of the company's stock were exchanged, compared to its average volume of 1,673,660. 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 stock has a market cap of $6.40 billion, a price-to-earnings ratio of 838.00, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The firm's 50 day simple moving average is $38.45 and its 200 day simple moving average is $40.73.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly 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 predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VNO shares. Piper Sandler lowered their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays increased their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Compass Point boosted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and an average target price of $38.00.

Vornado Realty Trust Company Profile

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