Vornado Realty Trust (NYSE:VNO) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 90,964 shares of the real estate investment trust's stock after acquiring an additional 11,898 shares during the quarter. Federated Hermes Inc.'s holdings in Vornado Realty Trust were worth $3,824,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Vornado Realty Trust during the fourth quarter valued at $729,073,000. Franklin Resources Inc. lifted its holdings in shares of Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock valued at $500,263,000 after buying an additional 792,100 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after buying an additional 3,575,593 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Vornado Realty Trust by 232.8% in 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 last quarter. Finally, Geode Capital Management LLC grew its holdings in Vornado Realty Trust by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust's stock worth $131,686,000 after acquiring an additional 25,209 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

VNO traded up $0.26 during trading on Friday, reaching $34.45. The company's stock had a trading volume of 867,851 shares, compared to its average volume of 1,660,675. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 861.23, a PEG ratio of 9.69 and a beta of 1.49. The firm has a fifty day simple moving average of $37.78 and a two-hundred day simple moving average of $40.58. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. 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%. As a group, analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Compass Point upped their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Piper Sandler cut their price objective on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Morgan Stanley boosted 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 report on Friday, March 14th. Finally, The Goldman Sachs Group increased their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Two equities 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 stock. Based on data from MarketBeat, Vornado Realty Trust presently has a consensus 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.