Norges Bank bought a new position in Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,342,373 shares of the real estate investment trust's stock, valued at approximately $729,073,000. Norges Bank owned approximately 9.10% of Vornado Realty Trust as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Vornado Realty Trust by 4.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 109,796 shares of the real estate investment trust's stock valued at $4,659,000 after buying an additional 4,358 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Vornado Realty Trust by 35.6% in the fourth quarter. Prudential Financial Inc. now owns 121,650 shares of the real estate investment trust's stock valued at $5,114,000 after purchasing an additional 31,947 shares in the last quarter. LPL Financial LLC grew its position in shares of Vornado Realty Trust by 11.9% in the fourth quarter. LPL Financial LLC now owns 78,917 shares of the real estate investment trust's stock valued at $3,318,000 after purchasing an additional 8,398 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Vornado Realty Trust during the 4th quarter valued at $1,413,000. Finally, Sei Investments Co. lifted its holdings in Vornado Realty Trust by 35.0% during the 4th quarter. Sei Investments Co. now owns 734,060 shares of the real estate investment trust's stock worth $30,860,000 after purchasing an additional 190,493 shares in the last quarter. Institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Price Performance
Shares of VNO traded up $0.84 during midday trading on Tuesday, reaching $37.83. The stock had a trading volume of 233,402 shares, compared to its average volume of 1,306,115. 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 $7.22 billion, a price-to-earnings ratio of 945.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The company's 50-day moving average is $40.21 and its 200 day moving average is $41.08. 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 (EPS) for the quarter, topping the consensus estimate 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, equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on VNO. Truist Financial upped their price target on 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 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 report on Friday, March 14th. Barclays raised their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Finally, StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $38.55.
Check Out Our Latest Research Report on VNO
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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