Bank of America Corp DE reduced its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,611 shares of the real estate investment trust's stock after selling 616,450 shares during the period. Bank of America Corp DE owned about 0.56% of Vornado Realty Trust worth $44,924,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth approximately $729,073,000. Principal Financial Group Inc. boosted its holdings in shares of Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after purchasing an additional 3,575,593 shares during the period. Invesco Ltd. boosted its holdings in shares of Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock worth $131,833,000 after purchasing an additional 1,651,819 shares during the period. Northern Trust Corp boosted its holdings in shares of Vornado Realty Trust by 98.3% during 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 purchasing an additional 1,358,498 shares during the period. Finally, 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 acquiring an additional 792,100 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on VNO. The Goldman Sachs Group lifted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, February 25th. Morgan Stanley lifted 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 research note on Friday, March 14th. Barclays lifted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Compass Point lifted their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday. Two 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, Vornado Realty Trust has a consensus rating of "Hold" and an average target price of $38.00.
Check Out Our Latest Report on Vornado Realty Trust
Vornado Realty Trust Stock Performance
VNO stock traded up $0.17 on Friday, reaching $39.63. 830,055 shares of the company were exchanged, compared to its average volume of 1,620,547. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The stock's fifty day moving average price is $36.39 and its 200 day moving average price is $39.96. The firm has a market capitalization of $7.61 billion, a PE ratio of 990.75, a PEG ratio of 9.69 and a beta of 1.47. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Vornado Realty Trust's revenue was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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