Vanguard Group Inc. decreased its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,731,708 shares of the real estate investment trust's stock after selling 79,509 shares during the quarter. Vanguard Group Inc. owned approximately 12.97% of Vornado Realty Trust worth $1,039,721,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. increased 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 buying an additional 268 shares during the period. Versant Capital Management Inc raised 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 valued at $40,000 after acquiring an additional 872 shares in the last quarter. Quarry LP purchased a new stake in Vornado Realty Trust in the third quarter worth $54,000. Finally, Assetmark Inc. lifted its stake 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 worth $63,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Stock Performance
VNO traded up $0.20 during mid-day trading on Tuesday, reaching $37.19. 506,755 shares of the company traded hands, compared to its average volume of 1,310,251. The company's fifty day moving average price is $40.21 and its 200-day moving average price is $41.08. The stock has a market capitalization of $7.10 billion, a P/E ratio of 929.63, a P/E/G ratio of 9.69 and a beta of 1.60. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted 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%. On average, sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Morgan Stanley upped their price objective 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 increased their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. The Goldman Sachs Group increased their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. Compass Point upped their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and an average price target of $38.55.
View Our Latest Analysis on Vornado Realty Trust
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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