Westpac Banking Corp boosted its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 128.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,831 shares of the real estate investment trust's stock after acquiring an additional 23,555 shares during the period. Westpac Banking Corp's holdings in Vornado Realty Trust were worth $1,759,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Vornado Realty Trust in the 4th quarter valued at about $729,073,000. Franklin Resources Inc. lifted its stake in Vornado Realty Trust by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock valued at $500,263,000 after buying an additional 792,100 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vornado Realty Trust by 126.8% in the fourth 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 acquiring an additional 3,575,593 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after acquiring an additional 2,468,652 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Vornado Realty Trust by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust's stock worth $131,686,000 after acquiring an additional 25,209 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.
Vornado Realty Trust Price Performance
Shares of VNO traded down $0.96 during trading hours on Friday, reaching $32.96. The company had a trading volume of 3,228,931 shares, compared to its average volume of 1,691,357. 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 has a 12-month low of $22.42 and a 12-month high of $46.63. The firm has a 50 day simple moving average of $39.71 and a 200-day simple moving average of $41.03. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 823.98, a PEG ratio of 9.69 and a beta of 1.49.
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 (EPS) for the quarter, beating 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%. Research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently commented on VNO. 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 note on Tuesday, February 25th. Morgan Stanley upped their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Compass Point increased their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, Barclays increased their price objective 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 issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $38.55.
Check Out Our Latest Analysis on VNO
About Vornado Realty Trust
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Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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