Duff & Phelps Investment Management Co. lessened its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,284,352 shares of the real estate investment trust's stock after selling 439,900 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.67% of Vornado Realty Trust worth $53,994,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in VNO. New Age Alpha Advisors LLC acquired a new stake in Vornado Realty Trust in the 4th quarter valued at approximately $4,111,000. Norges Bank bought a new position in Vornado Realty Trust during the fourth quarter worth $729,073,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Vornado Realty Trust by 4.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 109,796 shares of the real estate investment trust's stock valued at $4,659,000 after purchasing an additional 4,358 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Vornado Realty Trust by 35.6% in the 4th quarter. Prudential Financial Inc. now owns 121,650 shares of the real estate investment trust's stock valued at $5,114,000 after purchasing an additional 31,947 shares during the period. Finally, LPL Financial LLC boosted its holdings in Vornado Realty Trust by 11.9% in the 4th quarter. LPL Financial LLC now owns 78,917 shares of the real estate investment trust's stock valued at $3,318,000 after purchasing an additional 8,398 shares during the period. 90.02% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on VNO shares. Morgan Stanley boosted their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. The Goldman Sachs Group increased 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. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Compass Point upped their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Barclays raised their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $38.55.
Get Our Latest Stock Analysis on Vornado Realty Trust
Vornado Realty Trust Trading Up 1.9 %
VNO traded up $0.69 during mid-day trading on Tuesday, reaching $37.68. The stock had a trading volume of 270,295 shares, compared to its average volume of 1,685,110. The firm's fifty day simple moving average is $40.21 and its two-hundred day simple moving average is $41.08. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a market capitalization of $7.19 billion, a P/E ratio of 945.30, a P/E/G ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.
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 earnings per share 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 analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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