Yoffe Investment Management LLC purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,588 shares of the real estate investment trust's stock, valued at approximately $403,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of Vornado Realty Trust by 53.2% in 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. Assetmark Inc. increased its holdings in shares of Vornado Realty Trust by 23.8% in the fourth 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 in the last quarter. CIBC Asset Management Inc lifted its position in shares of Vornado Realty Trust by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after acquiring an additional 324 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Vornado Realty Trust by 8.1% during the 4th quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust's stock worth $200,000 after acquiring an additional 356 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Vornado Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust's stock worth $1,976,000 after acquiring an additional 373 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.
Vornado Realty Trust Price Performance
Shares of VNO stock traded down $0.96 during mid-day trading on Friday, reaching $32.96. The company's stock had a trading volume of 3,228,931 shares, compared to its average volume of 1,691,357. The firm's 50-day moving average is $39.71 and its two-hundred day moving average is $41.03. The company has a market cap of $6.29 billion, a P/E ratio of 823.98, a PEG ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. 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 (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share 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%. On average, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have issued reports on VNO shares. Barclays boosted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Compass Point raised their price objective 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. StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Two equities 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $38.55.
Check Out Our Latest Stock Analysis on VNO
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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