Prudential Financial Inc. Purchases 31,947 Shares of Vornado Realty Trust (NYSE:VNO)

Prudential Financial Inc. lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 35.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,650 shares of the real estate investment trust's stock after purchasing an additional 31,947 shares during the period. Prudential Financial Inc. owned 0.06% of Vornado Realty Trust worth $5,114,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of VNO. Franklin Resources Inc. grew its position in shares of Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock valued at $444,859,000 after buying an additional 592,412 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after acquiring an additional 3,575,593 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after acquiring an additional 2,468,652 shares during the last quarter. Geode Capital Management LLC increased its position in Vornado Realty Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust's stock valued at $122,417,000 after purchasing an additional 39,147 shares during the period. Finally, Bamco Inc. NY bought a new position in Vornado Realty Trust during the 3rd quarter worth approximately $75,347,000. Institutional investors own 90.02% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on VNO shares. The Goldman Sachs Group lifted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Compass Point raised 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. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley raised 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, March 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and a consensus price target of $38.55.

Vornado Realty Trust Stock Down 11.2 %

VNO traded down $4.26 during trading on Thursday, hitting $33.87. 2,605,092 shares of the company's stock were exchanged, compared to its average volume of 1,691,193. The stock has a market cap of $6.46 billion, a P/E ratio of 846.63, a PEG ratio of 9.69 and a beta of 1.60. The business's 50 day moving average is $40.06 and its two-hundred day moving average is $41.07. 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 quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (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%. As a group, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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