Earnest Partners LLC Cuts Stock Position in Vornado Realty Trust (NYSE:VNO)

Earnest Partners LLC decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,580,190 shares of the real estate investment trust's stock after selling 19,409 shares during the quarter. Earnest Partners LLC owned about 1.35% of Vornado Realty Trust worth $108,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Vornado Realty Trust during the third quarter valued at about $176,000. Tidal Investments LLC purchased a new stake in shares of Vornado Realty Trust in the third quarter worth $258,000. Franklin Resources Inc. boosted its stake in Vornado Realty Trust by 5.6% during the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock valued at $444,859,000 after buying an additional 592,412 shares during the period. Retirement Systems of Alabama grew its position in Vornado Realty Trust by 1.9% during the third quarter. Retirement Systems of Alabama now owns 201,310 shares of the real estate investment trust's stock worth $7,932,000 after buying an additional 3,824 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after acquiring an additional 2,286,997 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. The Goldman Sachs Group increased their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Piper Sandler dropped 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 report on Thursday, April 10th. Barclays increased their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Finally, Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and raised their price target for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Trading Up 4.3 %

Shares of VNO traded up $1.54 during trading hours on Friday, reaching $37.54. 552,421 shares of the company traded hands, compared to its average volume of 1,655,926. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. 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 company's fifty day moving average price is $36.55 and its two-hundred day moving average price is $40.27. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 938.63, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its 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%. Equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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