JPMorgan Chase & Co. Reduces Stock Position in Vornado Realty Trust (NYSE:VNO)

JPMorgan Chase & Co. cut its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,639,843 shares of the real estate investment trust's stock after selling 889,226 shares during the period. JPMorgan Chase & Co. owned 1.38% of Vornado Realty Trust worth $110,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VNO. Principal Financial Group Inc. increased its stake in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Vornado Realty Trust by 381.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust's stock worth $47,492,000 after acquiring an additional 955,071 shares in the last quarter. Franklin Resources Inc. raised its holdings 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 worth $444,859,000 after acquiring an additional 592,412 shares during the last quarter. Aew Capital Management L P bought a new position in Vornado Realty Trust in the 4th quarter valued at about $20,600,000. Finally, Zurich Insurance Group Ltd FI acquired a new position in Vornado Realty Trust during the 3rd quarter valued at about $17,655,000. 90.02% of the stock is owned by institutional investors.

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Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded down $0.96 during trading on Friday, hitting $32.96. The stock had a trading volume of 3,228,931 shares, compared to its average volume of 1,698,964. The stock's 50 day moving average is $39.71 and its two-hundred day moving average is $40.99. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 823.98, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. 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 posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping 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, analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VNO. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Compass Point raised 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. Barclays upped their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. The Goldman Sachs Group raised their price target 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. Finally, Morgan Stanley boosted their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.55.

About Vornado Realty Trust

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