Vornado Realty Trust (NYSE:VNO) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,899,686 shares of the real estate investment trust's stock after purchasing an additional 792,100 shares during the period. Franklin Resources Inc. owned 6.24% of Vornado Realty Trust worth $500,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VNO. ORG Wealth Partners LLC purchased a new position in Vornado Realty Trust during the 4th quarter worth $32,000. UMB Bank n.a. increased its holdings in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Vornado Realty Trust by 1,014.0% in 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 during the last quarter. Quarry LP acquired a new stake in Vornado Realty Trust in the 3rd quarter worth approximately $54,000. Finally, Assetmark Inc. boosted its stake in Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VNO. Truist Financial lifted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Compass Point increased their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Morgan Stanley lifted their target price on 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 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust has a consensus rating of "Hold" and an average target price of $38.55.

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Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded down $4.26 during mid-day trading on Thursday, hitting $33.87. The company had a trading volume of 2,605,092 shares, compared to its average volume of 1,691,195. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 846.63, a P/E/G ratio of 9.69 and a beta of 1.60. The company's fifty day moving average is $39.89 and its 200-day moving average is $41.02. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

About Vornado Realty Trust

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