7,189 Shares in Vornado Realty Trust (NYSE:VNO) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,189 shares of the real estate investment trust's stock, valued at approximately $302,000.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP increased its position in Vornado Realty Trust by 112.0% during the 3rd quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust's stock worth $5,132,000 after purchasing an additional 68,813 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $4,015,000. JPMorgan Chase & Co. increased its position in Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock worth $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Principal Financial Group Inc. increased its position in Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Compass Point boosted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Truist Financial boosted their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Finally, Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their target price for the stock 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 given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Vornado Realty Trust has an average rating of "Hold" and an average price target of $38.55.

Remove Ads

Vornado Realty Trust Trading Down 1.0 %

Shares of NYSE:VNO traded down $0.37 during trading on Friday, reaching $38.26. The stock had a trading volume of 2,637,570 shares, compared to its average volume of 1,640,221. The firm's fifty day moving average is $40.47 and its 200 day moving average is $40.78. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 956.40, a P/E/G ratio of 9.69 and a beta of 1.60.

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 the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, equities analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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