Alliancebernstein L.P. Lowers Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Alliancebernstein L.P. cut its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,473 shares of the real estate investment trust's stock after selling 8,741 shares during the period. Alliancebernstein L.P. owned about 0.14% of Vornado Realty Trust worth $10,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in Vornado Realty Trust by 7.3% in the 3rd quarter. FMR LLC now owns 37,506 shares of the real estate investment trust's stock worth $1,478,000 after purchasing an additional 2,536 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Vornado Realty Trust by 37.0% during the third quarter. HighTower Advisors LLC now owns 26,003 shares of the real estate investment trust's stock valued at $1,030,000 after buying an additional 7,025 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Vornado Realty Trust in the third quarter worth $11,488,000. MML Investors Services LLC bought a new position in shares of Vornado Realty Trust during the third quarter worth $248,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Vornado Realty Trust by 4.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 208,930 shares of the real estate investment trust's stock worth $8,232,000 after acquiring an additional 8,130 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Trading Up 1.0 %

Shares of VNO traded up $0.34 during midday trading on Tuesday, hitting $34.62. The stock had a trading volume of 227,427 shares, compared to its average volume of 1,670,629. The stock's 50 day moving average is $38.28 and its 200 day moving average is $40.70. The firm has a market cap of $6.61 billion, a PE ratio of 867.83, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on VNO. The Goldman Sachs Group boosted 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 note on Tuesday, February 25th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Barclays raised their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Morgan Stanley increased their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $38.00.

Vornado Realty Trust Company Profile

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