Hollencrest Capital Management Sells 10,000 Shares of Vornado Realty Trust (NYSE:VNO)

Hollencrest Capital Management cut its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the real estate investment trust's stock after selling 10,000 shares during the quarter. Hollencrest Capital Management's holdings in Vornado Realty Trust were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its stake 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 purchasing an additional 592,412 shares in the last quarter. Principal Financial Group Inc. raised its stake in Vornado Realty Trust by 126.8% in the fourth 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 purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 valued at $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC grew its position in Vornado Realty Trust by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust's stock valued at $122,417,000 after acquiring an additional 39,147 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Vornado Realty Trust by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust's stock valued at $110,370,000 after acquiring an additional 149,017 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

VNO has been the topic of a number of recent research reports. 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 research report on Wednesday, February 12th. Truist Financial increased their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Morgan Stanley increased their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday. Barclays raised their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and a consensus price target of $38.55.

Vornado Realty Trust Stock Performance

NYSE VNO traded up $1.31 during trading hours on Friday, hitting $36.71. The company's stock had a trading volume of 1,549,274 shares, compared to its average volume of 1,643,809. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The company's 50 day simple moving average is $40.64 and its two-hundred day simple moving average is $40.71. The company has a market cap of $7.01 billion, a P/E ratio of 917.63, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

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 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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