CANADA LIFE ASSURANCE Co boosted its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,913 shares of the real estate investment trust's stock after buying an additional 14,309 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.18% of Vornado Realty Trust worth $14,076,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. MML Investors Services LLC purchased a new position in Vornado Realty Trust in the third quarter valued at $248,000. Sanctuary Advisors LLC increased its holdings in shares of Vornado Realty Trust by 93.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,619 shares of the real estate investment trust's stock valued at $663,000 after acquiring an additional 7,563 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Vornado Realty Trust during the third quarter worth approximately $176,000. Tidal Investments LLC purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter worth approximately $258,000. Finally, Franklin Resources Inc. lifted its position in Vornado Realty Trust by 5.6% in the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock valued at $444,859,000 after acquiring an additional 592,412 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Vornado Realty Trust Trading Up 1.7 %
VNO traded up $0.58 during midday trading on Thursday, hitting $35.50. The company's stock had a trading volume of 1,154,755 shares, compared to its average volume of 1,662,689. The firm has a 50-day moving average price of $36.98 and a two-hundred day moving average price of $40.41. 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 52-week low of $22.42 and a 52-week high of $46.63. The firm has a market cap of $6.81 billion, a P/E ratio of 887.50, a PEG ratio of 9.69 and a beta of 1.49.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share 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%. On average, research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on VNO. The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Compass Point increased their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler lowered their target price on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Morgan Stanley lifted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Two research 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, the company presently has an average rating of "Hold" and an average price target of $38.00.
Read Our Latest Research Report on Vornado Realty Trust
Vornado Realty Trust Company Profile
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Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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