Franklin Resources Inc. Grows Position in Vornado Realty Trust $VNO

Key Points

• Franklin Resources Inc. raised its Q3 stake in Vornado Realty Trust by 2.3%, adding 274,313 shares to hold 12,309,059 shares — a 6.41% ownership position worth about $498.9 million per its SEC filing.
• Vornado trades near its 52-week low (opened $26.40; 52-week range $25.71–$43.37) with a $5.03 billion market cap and a P/E of 6.3, and analysts carry a consensus "Hold" rating with an average price target of $37 amid mixed revisions.

Franklin Resources Inc. raised its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,309,059 shares of the real estate investment trust's stock after acquiring an additional 274,313 shares during the quarter. Franklin Resources Inc. owned 6.41% of Vornado Realty Trust worth $498,886,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Vornado Realty Trust by 8.3% during the 3rd quarter. Van ECK Associates Corp now owns 93,314 shares of the real estate investment trust's stock worth $3,782,000 after purchasing an additional 7,184 shares during the period. Vestcor Inc acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at about $4,572,000. Fieldview Capital Management LLC acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at about $271,000. Swiss National Bank boosted its holdings in Vornado Realty Trust by 1.4% during the third quarter. Swiss National Bank now owns 316,317 shares of the real estate investment trust's stock worth $12,820,000 after buying an additional 4,500 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Vornado Realty Trust by 60.0% during the third quarter. Russell Investments Group Ltd. now owns 402,866 shares of the real estate investment trust's stock worth $16,328,000 after buying an additional 151,144 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Price Performance

VNO stock opened at $26.40 on Thursday. Vornado Realty Trust has a 52-week low of $25.71 and a 52-week high of $43.37. The stock's fifty day simple moving average is $30.83 and its 200-day simple moving average is $35.22. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The business had revenue of $453.71 million during the quarter, compared to analyst estimates of $440.23 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business's revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Tuesday, December 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Wall Street Zen lowered Vornado Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 14th. Barclays lowered their price target on Vornado Realty Trust from $33.00 to $28.00 and set an "underweight" rating on the stock in a report on Thursday, February 26th. Finally, Evercore reduced their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and an average price target of $37.00.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado's business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company's core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.

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