Legal & General Group Plc cut its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,846,075 shares of the real estate investment trust's stock after selling 164,750 shares during the quarter. Legal & General Group Plc owned approximately 0.97% of Vornado Realty Trust worth $77,609,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in Vornado Realty Trust during the 4th quarter valued at approximately $32,000. UMB Bank n.a. boosted its position in shares of Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the period. Versant Capital Management Inc grew its position in Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 872 shares in the last quarter. Assetmark Inc. lifted its position in shares of Vornado Realty Trust by 23.8% in the fourth 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. Finally, Blue Trust Inc. grew its stake in Vornado Realty Trust by 61.6% in the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 677 shares in the last quarter. Institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Stock Performance
Shares of NYSE:VNO traded up $0.69 during midday trading on Thursday, reaching $34.88. 202,317 shares of the company traded hands, compared to its average volume of 1,661,255. 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 has a 12 month low of $22.42 and a 12 month high of $46.63. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 869.98, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. The firm's fifty day moving average price is $37.94 and its two-hundred day moving average price is $40.61.
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, topping 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%. On average, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on VNO shares. Compass Point boosted 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. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. The Goldman Sachs Group lifted their price target 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 upgraded shares of 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 report on Tuesday, January 7th. Finally, Morgan Stanley upped 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 note on Friday, March 14th. Two equities research 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.00.
Read Our Latest Research Report on VNO
About Vornado Realty Trust
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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