Envestnet Asset Management Inc. Has $11.98 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Envestnet Asset Management Inc. increased its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,926 shares of the real estate investment trust's stock after acquiring an additional 14,843 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of Vornado Realty Trust worth $11,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VNO. ORG Wealth Partners LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth $32,000. UMB Bank n.a. lifted its stake in 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 in the last quarter. Versant Capital Management Inc boosted its holdings 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 buying an additional 872 shares during the period. Assetmark Inc. increased its position in shares of 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 in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Vornado Realty Trust by 61.6% during the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 677 shares during the period. Institutional investors and hedge funds own 90.02% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VNO shares. Morgan Stanley increased their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. Barclays upped their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Piper Sandler cut their target price on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group upped their price target 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. Finally, Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and an average target price of $38.00.

Vornado Realty Trust Price Performance

NYSE:VNO traded up $2.26 during mid-day trading on Wednesday, hitting $36.05. The company's stock had a trading volume of 592,990 shares, compared to its average volume of 1,358,159. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 901.25, a P/E/G ratio of 9.69 and a beta of 1.49. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a fifty day moving average of $37.27 and a 200-day moving average of $40.47.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping 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 forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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