Deutsche Bank AG increased its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 180.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,435,127 shares of the real estate investment trust's stock after buying an additional 1,567,742 shares during the period. Deutsche Bank AG owned 1.28% of Vornado Realty Trust worth $102,373,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Collar Capital Management LLC acquired a new stake in shares of Vornado Realty Trust in the fourth quarter valued at approximately $3,735,000. Covenant Partners LLC acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $208,000. Crestline Management LP acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $1,575,000. Cetera Investment Advisers raised its position in Vornado Realty Trust by 3.5% during the fourth quarter. Cetera Investment Advisers now owns 15,329 shares of the real estate investment trust's stock valued at $644,000 after purchasing an additional 520 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $459,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Vornado Realty Trust from a "hold" rating to a "sell" rating in a report on Wednesday, May 7th. The Goldman Sachs Group upped their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Barclays upped their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Piper Sandler decreased their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Compass Point increased their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of "Hold" and a consensus target price of $38.00.
View Our Latest Stock Report on Vornado Realty Trust
Vornado Realty Trust Stock Down 1.1%
VNO traded down $0.44 during trading on Wednesday, hitting $39.08. The stock had a trading volume of 1,179,294 shares, compared to its average volume of 1,628,739. The stock has a 50 day simple moving average of $36.30 and a two-hundred day simple moving average of $40.03. The company has a market capitalization of $7.50 billion, a PE ratio of 977.00, a PEG ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month 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 issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $461.58 million during the quarter, compared to analysts' expectations of $452.68 million. During the same quarter last year, the company posted $0.55 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. On average, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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