Vornado Realty Trust (NYSE:VNO) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 50.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 716,153 shares of the real estate investment trust's stock after purchasing an additional 239,751 shares during the period. Millennium Management LLC owned 0.38% of Vornado Realty Trust worth $30,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 268 shares in the last quarter. FIL Ltd bought a new position in Vornado Realty Trust during the fourth quarter worth $49,000. Assetmark Inc. boosted its holdings in Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares during the period. Blue Trust Inc. increased its stake in Vornado Realty Trust by 61.6% during the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 677 shares during the last quarter. Finally, Quarry LP increased its stake in Vornado Realty Trust by 55.4% during the fourth 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. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Performance

VNO stock traded down $1.57 during trading on Wednesday, reaching $37.26. 1,172,376 shares of the company's stock were exchanged, compared to its average volume of 1,617,194. The firm has a market cap of $7.15 billion, a PE ratio of 931.38, a P/E/G ratio of 9.69 and a beta of 1.47. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company's fifty day moving average price is $36.51 and its 200-day moving average price is $39.91.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 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 analyst estimates of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. On average, research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VNO shares. The Goldman Sachs Group lifted their price target 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 raised 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. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Finally, Piper Sandler cut their price target on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.00.

About Vornado Realty Trust

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