First Pacific Advisors LP Has $75.58 Million Stake in Vornado Realty Trust (NYSE:VNO)

First Pacific Advisors LP decreased its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,797,749 shares of the real estate investment trust's stock after selling 129,046 shares during the period. Vornado Realty Trust accounts for about 1.1% of First Pacific Advisors LP's holdings, making the stock its 27th largest position. First Pacific Advisors LP owned about 0.94% of Vornado Realty Trust worth $75,577,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VNO. ORG Wealth Partners LLC acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $32,000. UMB Bank n.a. boosted its stake in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the period. Versant Capital Management Inc grew its stake in shares of Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 872 shares during the last quarter. Assetmark Inc. grew its position in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 661 shares during the last quarter. Finally, Quarry LP bought a new position in Vornado Realty Trust during the third quarter valued at about $54,000. 90.02% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

VNO has been the topic of a number of analyst reports. StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. The Goldman Sachs Group upped their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. Truist Financial lifted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Compass Point boosted 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 raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their target price for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two research 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, the stock presently has an average rating of "Hold" and an average target price of $38.55.

Vornado Realty Trust Stock Down 5.5 %

Shares of Vornado Realty Trust stock traded down $2.07 during trading hours on Thursday, reaching $35.30. 2,480,939 shares of the company's stock were exchanged, compared to its average volume of 1,338,988. The company has a 50 day moving average of $40.90 and a two-hundred day moving average of $40.69. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market cap of $6.74 billion, a P/E ratio of 882.43, a P/E/G ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results 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 net margin of 3.94% and a return on equity of 1.60%. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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