Corebridge Financial Inc. trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,746 shares of the real estate investment trust's stock after selling 8,297 shares during the quarter. Corebridge Financial Inc. owned about 0.10% of Vornado Realty Trust worth $7,893,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of 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 purchasing an additional 592,412 shares during the period. Principal Financial Group Inc. raised its position in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after buying an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. raised its position in Vornado Realty Trust by 232.8% during the 3rd 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 last quarter. Geode Capital Management LLC lifted its stake in shares of Vornado Realty Trust by 1.3% in 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. Finally, Bamco Inc. NY purchased a new stake in shares of Vornado Realty Trust in the third quarter valued at about $75,347,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
Vornado Realty Trust Price Performance
Shares of NYSE:VNO traded up $0.76 during midday trading on Tuesday, hitting $37.75. 1,197,621 shares of the stock were exchanged, compared to its average volume of 1,689,406. The stock has a market cap of $7.20 billion, a P/E ratio of 943.70, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a 50 day moving average price of $40.21 and a 200-day moving average price of $41.08. 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 (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Analysts Set New Price Targets
VNO has been the subject of several analyst reports. StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their price target 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. Truist Financial upped their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Finally, Compass Point boosted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vornado Realty Trust currently has an average rating of "Hold" and a consensus target price of $38.55.
Get Our Latest Research Report on VNO
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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