Barclays PLC Trims Stake in Vornado Realty Trust (NYSE:VNO)

Barclays PLC decreased its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,666 shares of the real estate investment trust's stock after selling 40,711 shares during the period. Barclays PLC owned 0.13% of Vornado Realty Trust worth $10,327,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. UMB Bank n.a. boosted its stake 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 during the period. Assetmark Inc. boosted its stake in Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares during the period. CIBC Asset Management Inc boosted its stake in 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 worth $250,000 after purchasing an additional 324 shares during the period. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 356 shares during the period. Finally, Arizona State Retirement System boosted its stake in Vornado Realty Trust by 0.8% during 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 purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 90.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VNO. Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Barclays raised their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Morgan Stanley boosted their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. Finally, Piper Sandler cut their price target on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Vornado Realty Trust has a consensus rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Price Performance

Shares of VNO traded up $0.72 on Monday, reaching $36.47. The stock had a trading volume of 1,756,077 shares, compared to its average volume of 1,662,489. The firm has a market capitalization of $7.00 billion, a PE ratio of 911.75, a PEG ratio of 9.69 and a beta of 1.49. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a 50-day moving average of $36.77 and a 200 day moving average of $40.37. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Profile

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