Adelante Capital Management LLC Sells 51,668 Shares of Vornado Realty Trust (NYSE:VNO)

Adelante Capital Management LLC lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,058 shares of the real estate investment trust's stock after selling 51,668 shares during the period. Vornado Realty Trust comprises approximately 0.8% of Adelante Capital Management LLC's holdings, making the stock its 29th largest position. Adelante Capital Management LLC owned about 0.16% of Vornado Realty Trust worth $12,488,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Northern Trust Corp raised its holdings in shares of Vornado Realty Trust by 98.3% in the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock worth $115,237,000 after acquiring an additional 1,358,498 shares during the last quarter. Quarry LP raised its holdings in Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock valued at $90,000 after acquiring an additional 761 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth $249,000. Waterfront Capital Partners LLC grew its position in shares of Vornado Realty Trust by 78.4% in the fourth quarter. Waterfront Capital Partners LLC now owns 565,776 shares of the real estate investment trust's stock valued at $23,785,000 after purchasing an additional 248,606 shares during the period. Finally, Voya Investment Management LLC increased its stake in Vornado Realty Trust by 6.5% in the fourth quarter. Voya Investment Management LLC now owns 45,867 shares of the real estate investment trust's stock valued at $1,928,000 after purchasing an additional 2,797 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Performance

NYSE:VNO traded up $1.27 during midday trading on Friday, reaching $37.27. 1,254,178 shares of the company traded hands, compared to its average volume of 1,655,513. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 931.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a fifty day moving average price of $36.51 and a 200 day moving average price of $40.24.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued 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 net margin of 3.94% and a return on equity of 1.60%. On average, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Compass Point increased their price objective 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. Piper Sandler cut their target price on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Barclays boosted their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $38.00.

Vornado Realty Trust Company Profile

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