Resona Asset Management Co. Ltd. bought a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 66,083 shares of the real estate investment trust's stock, valued at approximately $2,763,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new position in shares of Vornado Realty Trust during the fourth quarter worth about $4,015,000. JPMorgan Chase & Co. increased its position in Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after purchasing an additional 2,468,652 shares during the period. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. UMB Bank n.a. lifted 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 worth $32,000 after purchasing an additional 268 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at $235,000. 90.02% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on VNO shares. Piper Sandler lowered their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Morgan Stanley lifted their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and upped their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vornado Realty Trust currently has an average rating of "Hold" and a consensus price target of $38.00.
Read Our Latest Stock Analysis on Vornado Realty Trust
Vornado Realty Trust Stock Up 1.3 %
NYSE VNO traded up $0.45 during mid-day trading on Tuesday, hitting $34.73. The company's stock had a trading volume of 259,149 shares, compared to its average volume of 1,670,764. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 866.75, a PEG ratio of 9.69 and a beta of 1.49. The company's 50 day simple moving average is $38.28 and its 200 day simple moving average is $40.70. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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