Victory Capital Management Inc. decreased its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 48.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,730 shares of the real estate investment trust's stock after selling 30,850 shares during the period. Victory Capital Management Inc.'s holdings in Vornado Realty Trust were worth $1,376,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hanover Advisors Inc. bought a new position in Vornado Realty Trust during the 4th quarter valued at approximately $233,000. Aew Capital Management L P bought a new stake in Vornado Realty Trust during the fourth quarter valued at about $20,600,000. Metis Global Partners LLC boosted its stake in shares of Vornado Realty Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 19,000 shares of the real estate investment trust's stock worth $799,000 after acquiring an additional 1,938 shares during the period. US Bancorp DE boosted its stake in shares of Vornado Realty Trust by 6.5% in the fourth quarter. US Bancorp DE now owns 18,664 shares of the real estate investment trust's stock worth $785,000 after acquiring an additional 1,135 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter worth about $4,809,000. Institutional investors own 90.02% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Barclays increased their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Compass Point increased their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Truist Financial increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $38.55.
Read Our Latest Research Report on Vornado Realty Trust
Vornado Realty Trust Trading Down 1.0 %
VNO stock traded down $0.37 during midday trading on Friday, hitting $38.26. The stock had a trading volume of 2,654,051 shares, compared to its average volume of 1,636,608. The firm has a market cap of $7.30 billion, a PE ratio of 956.40, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The company's 50-day moving average price is $40.48 and its 200 day moving average price is $40.81. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. 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 issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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%. On average, equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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