Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 51.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 105,125 shares of the real estate investment trust's stock after buying an additional 35,810 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Vornado Realty Trust worth $4,419,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VNO. ORG Wealth Partners LLC purchased a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $32,000. UMB Bank n.a. increased its holdings in shares of Vornado Realty Trust by 53.2% in the fourth 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 raised its stake 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 last quarter. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 122.2% during the third 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 period. Finally, Quarry LP purchased a new position in Vornado Realty Trust in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

Shares of VNO traded down $0.40 during trading hours on Tuesday, reaching $37.73. 911,841 shares of the company traded hands, compared to its average volume of 1,639,443. The stock has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $40.76. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $7.20 billion, a PE ratio of 943.15, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63.

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Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. As a group, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities 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 research report on Friday. The Goldman Sachs Group raised their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, February 25th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Compass Point increased their target price on 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, StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.55.

Vornado Realty Trust Company Profile

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