LPL Financial LLC Has $3.32 Million Stake in Vornado Realty Trust (NYSE:VNO)

LPL Financial LLC grew its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 11.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 78,917 shares of the real estate investment trust's stock after acquiring an additional 8,398 shares during the period. LPL Financial LLC's holdings in Vornado Realty Trust were worth $3,318,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of 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 valued at $268,912,000 after acquiring an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Vornado Realty Trust by 232.8% during 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 buying an additional 2,468,652 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of 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 buying an additional 592,412 shares during the period. Aew Capital Management L P bought a new position in shares of Vornado Realty Trust during the 4th quarter worth about $20,600,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Vornado Realty Trust by 444.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 471,956 shares of the real estate investment trust's stock valued at $19,841,000 after acquiring an additional 385,333 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VNO shares. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. 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. Piper Sandler dropped their price target on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Barclays boosted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Finally, Compass Point raised their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and an average target price of $38.00.

Vornado Realty Trust Stock Up 0.8 %

Shares of NYSE VNO traded up $0.27 during trading hours on Thursday, hitting $34.46. The company had a trading volume of 68,095 shares, compared to its average volume of 1,365,581. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm's 50 day moving average is $37.94 and its 200-day moving average is $40.61. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The stock has a market capitalization of $6.61 billion, a P/E ratio of 861.55, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share 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%. On average, analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

About Vornado Realty Trust

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