Nuveen Asset Management LLC Trims Stake in Vornado Realty Trust (NYSE:VNO)

Nuveen Asset Management LLC cut its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999,403 shares of the real estate investment trust's stock after selling 57,216 shares during the period. Nuveen Asset Management LLC owned 0.52% of Vornado Realty Trust worth $42,015,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in 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 worth $32,000 after purchasing an additional 268 shares during the period. Assetmark Inc. increased its holdings in shares of 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 purchasing an additional 286 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Vornado Realty Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after purchasing an additional 324 shares during the period. Arizona State Retirement System increased its holdings in Vornado Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust's stock worth $1,976,000 after buying an additional 373 shares during the last quarter. Finally, Mariner LLC increased its holdings in Vornado Realty Trust by 0.9% in the fourth quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust's stock worth $1,903,000 after buying an additional 404 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Analysts Set New Price Targets

VNO has been the topic of several analyst reports. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. The Goldman Sachs Group raised their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. Compass Point raised their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Piper Sandler raised their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Barclays lifted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $38.09.

Vornado Realty Trust Stock Down 0.2%

NYSE VNO traded down $0.08 on Friday, reaching $37.09. The company had a trading volume of 874,387 shares, compared to its average volume of 1,616,601. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock 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. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company's fifty day moving average is $36.48 and its 200 day moving average is $39.78.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping 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 return on equity of 1.60% and a net margin of 3.94%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. Sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

About Vornado Realty Trust

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