Wells Fargo & Company MN boosted its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 609,300 shares of the real estate investment trust's stock after buying an additional 16,811 shares during the quarter. Wells Fargo & Company MN owned approximately 0.32% of Vornado Realty Trust worth $25,615,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth about $32,000. UMB Bank n.a. increased its holdings 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. Versant Capital Management Inc grew its holdings in shares of Vornado Realty Trust by 1,014.0% during 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 in the last quarter. Assetmark Inc. raised its position in Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Vornado Realty Trust by 61.6% in the 4th 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 in the last quarter. Institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Price Performance
NYSE:VNO traded up $0.35 on Thursday, hitting $34.54. The company had a trading volume of 161,295 shares, compared to its average volume of 1,661,124. The firm has a 50 day moving average of $37.94 and a two-hundred day moving average of $40.61. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 865.63, a PEG ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. 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 (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating 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%. On average, research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently commented on VNO. Morgan Stanley increased their target price 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. Barclays boosted their price target 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. Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Finally, StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $38.00.
Check Out Our Latest Report on Vornado Realty Trust
Vornado Realty Trust Company Profile
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Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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