Vornado Realty Trust (NYSE:VNO) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 about 0.13% of Vornado Realty Trust worth $10,316,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Vornado Realty Trust in the 4th quarter valued at approximately $3,166,000. Northern Trust Corp raised its position in shares of Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock valued at $115,237,000 after purchasing an additional 1,358,498 shares during the last quarter. Quarry LP raised its position in shares of Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock valued at $90,000 after purchasing an additional 761 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Vornado Realty Trust in the 4th quarter valued at approximately $249,000. Finally, Waterfront Capital Partners LLC raised its position in shares of Vornado Realty Trust by 78.4% in the 4th quarter. Waterfront Capital Partners LLC now owns 565,776 shares of the real estate investment trust's stock valued at $23,785,000 after purchasing an additional 248,606 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNO has been the subject of several research analyst reports. Morgan Stanley increased their price objective on shares of 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. 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 report on Thursday, April 10th. Barclays increased their price objective 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. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Compass Point increased their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. 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 company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Stock Performance

NYSE:VNO traded down $0.06 during midday trading on Thursday, hitting $37.18. The company's stock had a trading volume of 903,411 shares, compared to its average volume of 1,616,303. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The firm has a market cap of $7.14 billion, a P/E ratio of 929.48, a P/E/G ratio of 9.69 and a beta of 1.47. The firm's 50 day moving average is $36.49 and its 200-day moving average is $39.88. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating 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 analyst estimates of $452.68 million. During the same period in the previous year, the firm earned $0.55 EPS. The business's quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate 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.