Northern Trust Corp Acquires 49,197 Shares of Vornado Realty Trust $VNO

Key Points

• Northern Trust Corp increased its holdings in Vornado Realty Trust by 1.8%, owning 2,790,326 shares valued at approximately $103.21 million.
• Vornado Realty Trust reported a quarterly earnings of $0.56 EPS, surpassing analysts' expectations, despite a 2% decline in revenue year-over-year.
• Several analysts adjusted their price targets for Vornado Realty Trust, with the consensus rating remaining as "Hold" and an average target price of $38.22.

Northern Trust Corp increased its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,790,326 shares of the real estate investment trust's stock after purchasing an additional 49,197 shares during the quarter. Northern Trust Corp owned approximately 1.45% of Vornado Realty Trust worth $103,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Vornado Realty Trust by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,501,788 shares of the real estate investment trust's stock valued at $105,173,000 after buying an additional 15,921 shares during the last quarter. MetLife Investment Management LLC raised its stake in Vornado Realty Trust by 8.5% during the fourth quarter. MetLife Investment Management LLC now owns 98,534 shares of the real estate investment trust's stock valued at $4,142,000 after buying an additional 7,686 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Vornado Realty Trust by 318.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,654 shares of the real estate investment trust's stock valued at $784,000 after buying an additional 14,191 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Vornado Realty Trust by 10.0% in the 4th quarter. Hsbc Holdings PLC now owns 153,874 shares of the real estate investment trust's stock worth $6,469,000 after purchasing an additional 13,965 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Vornado Realty Trust in the 4th quarter worth $503,000. Hedge funds and other institutional investors own 90.02% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on VNO shares. Scotiabank reduced their target price on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a report on Thursday. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Evercore ISI reduced their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Truist Financial lifted their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, Mizuho reduced their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Vornado Realty Trust has a consensus rating of "Hold" and an average target price of $37.90.

Vornado Realty Trust Stock Performance

NYSE:VNO traded up $0.52 during mid-day trading on Friday, hitting $38.09. 1,479,828 shares of the company traded hands, compared to its average volume of 1,748,076. The stock's fifty day moving average price is $38.01 and its 200-day moving average price is $37.97. Vornado Realty Trust has a one year low of $29.68 and a one year high of $46.63. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 4.78 and a beta of 1.56.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.Vornado Realty Trust's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. Research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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