Russell Investments Group Ltd. raised its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 443.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 857,802 shares of the real estate investment trust's stock after purchasing an additional 699,861 shares during the quarter. Russell Investments Group Ltd. owned 0.45% of Vornado Realty Trust worth $36,061,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust in the 4th quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 872 shares during the period. Quarry LP bought a new stake in shares of Vornado Realty Trust in the third quarter worth $54,000. Finally, Assetmark Inc. increased its holdings in Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 286 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have commented on VNO shares. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Piper Sandler lowered their price target on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday. Compass Point upped their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Barclays increased their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, March 14th. Finally, Morgan Stanley upped their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and an average price target of $38.00.
Read Our Latest Analysis on VNO
Vornado Realty Trust Stock Up 0.9 %
Shares of VNO traded up $0.31 during trading hours on Friday, hitting $33.19. The stock had a trading volume of 1,258,181 shares, compared to its average volume of 1,679,217. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The firm has a market capitalization of $6.33 billion, a P/E ratio of 829.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. The firm has a 50 day simple moving average of $38.45 and a 200-day simple moving average of $40.73. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 EPS 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%. Sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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