New York Life Investment Management LLC purchased a new position in Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,693 shares of the real estate investment trust's stock, valued at approximately $702,000.
A number of other large investors have also bought and sold shares of VNO. Principal Financial Group Inc. grew its stake in shares of 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 worth $268,912,000 after acquiring an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the period. Bamco Inc. NY purchased a new position in shares of Vornado Realty Trust in the 3rd quarter worth approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust's stock worth $47,492,000 after purchasing an additional 955,071 shares during the period. Finally, Heitman Real Estate Securities LLC boosted its holdings in shares of Vornado Realty Trust by 2,021.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust's stock worth $39,181,000 after purchasing an additional 947,562 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on VNO. Truist Financial lifted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Compass Point lifted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Finally, StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $38.55.
View Our Latest Report on Vornado Realty Trust
Vornado Realty Trust Stock Up 4.1 %
NYSE VNO traded up $1.57 on Friday, reaching $39.77. 1,312,502 shares of the stock traded hands, compared to its average volume of 1,295,668. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The company has a fifty day moving average price of $41.17 and a 200-day moving average price of $40.57. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 994.23, a PEG ratio of 9.69 and a beta of 1.60. 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 issued its 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%. As a group, research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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