Bank of New York Mellon Corp Raises Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Bank of New York Mellon Corp grew its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,380,793 shares of the real estate investment trust's stock after buying an additional 21,115 shares during the period. Bank of New York Mellon Corp owned 0.72% of Vornado Realty Trust worth $58,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. boosted its position in shares of 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 in the last quarter. Versant Capital Management Inc boosted its position in shares of Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 872 shares in the last quarter. Assetmark Inc. boosted its position in shares of Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 661 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 90.02% of the company's stock.

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Vornado Realty Trust Stock Up 4.1 %

Shares of VNO stock traded up $1.57 during trading hours on Friday, reaching $39.77. The company had a trading volume of 1,312,502 shares, compared to its average volume of 1,295,668. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The business has a fifty day simple moving average of $41.17 and a 200-day simple moving average of $40.57. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 994.23, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.

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 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%. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on VNO. The Goldman Sachs Group upped their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, February 25th. Truist Financial increased their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Compass Point increased their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Finally, Mizuho upgraded 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 report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Vornado Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $38.55.

Vornado Realty Trust Company Profile

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