Ameriprise Financial Inc. lessened its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,376 shares of the real estate investment trust's stock after selling 80,323 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of Vornado Realty Trust worth $10,316,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in VNO. UMB Bank n.a. raised its position in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Vornado Realty Trust in the 4th quarter valued at about $235,000. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 286 shares during the period. KBC Group NV lifted its position in Vornado Realty Trust by 1,492.2% during the fourth quarter. KBC Group NV now owns 73,243 shares of the real estate investment trust's stock worth $3,079,000 after acquiring an additional 68,643 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth approximately $240,000. 90.02% of the stock is owned by institutional investors.
Vornado Realty Trust Price Performance
VNO stock traded down $0.08 during mid-day trading on Friday, hitting $37.09. The stock had a trading volume of 874,387 shares, compared to its average volume of 1,616,601. The firm has a fifty day simple moving average of $36.48 and a 200 day simple moving average of $39.78. The firm has a market capitalization of $7.12 billion, a P/E ratio of 927.15, a P/E/G ratio of 9.69 and a beta of 1.47. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Piper Sandler increased their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday. The Goldman Sachs Group boosted 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 report on Tuesday, February 25th. Compass Point upped 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 note on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective 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. Two equities 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.com, Vornado Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $38.09.
Check Out Our Latest Stock Analysis on Vornado Realty Trust
About Vornado Realty Trust
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Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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