Principal Financial Group Inc. Raises Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Principal Financial Group Inc. boosted its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 428.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,820,958 shares of the real estate investment trust's stock after buying an additional 2,286,997 shares during the quarter. Principal Financial Group Inc. owned 1.48% of Vornado Realty Trust worth $111,146,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. raised its position in Vornado Realty Trust by 5.7% in the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust's stock worth $13,501,000 after buying an additional 25,374 shares during the last quarter. National Bank of Canada FI raised its position in Vornado Realty Trust by 7.9% in the 1st quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust's stock worth $26,385,000 after buying an additional 67,100 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Vornado Realty Trust in the 1st quarter worth about $12,824,000. Bank of Montreal Can raised its position in Vornado Realty Trust by 2,229.1% in the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust's stock worth $22,502,000 after buying an additional 818,838 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Vornado Realty Trust by 33.3% in the 2nd quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust's stock worth $12,553,000 after buying an additional 120,902 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded up $0.99 during mid-day trading on Friday, reaching $45.76. 1,321,628 shares of the company traded hands, compared to its average volume of 2,030,533. The company's 50 day moving average price is $39.54 and its 200-day moving average price is $31.65. The firm has a market cap of $8.72 billion, a PE ratio of -157.79 and a beta of 1.64. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 5.21. Vornado Realty Trust has a 52 week low of $19.63 and a 52 week high of $45.90.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities analysts expect that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Scotiabank boosted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a "sell" rating in a research note on Thursday, September 12th. Truist Financial boosted their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $29.00 to $40.00 in a research note on Thursday, August 8th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $34.07.

Vornado Realty Trust Profile

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