Quantinno Capital Management LP Increases Stock Position in Vornado Realty Trust (NYSE:VNO)

Quantinno Capital Management LP boosted its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,704 shares of the real estate investment trust's stock after acquiring an additional 6,654 shares during the period. Quantinno Capital Management LP's holdings in Vornado Realty Trust were worth $3,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VNO. Norges Bank purchased a new stake in Vornado Realty Trust in the fourth quarter valued at $729,073,000. Principal Financial Group Inc. raised its holdings in shares of Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after buying an additional 3,575,593 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock valued at $131,833,000 after buying an additional 1,651,819 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Vornado Realty Trust by 180.7% in the fourth quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust's stock valued at $102,373,000 after buying an additional 1,567,742 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Vornado Realty Trust by 98.3% in the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock valued at $115,237,000 after buying an additional 1,358,498 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on VNO. Piper Sandler reduced their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. The Goldman Sachs Group boosted their price target 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. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Barclays boosted 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $39.17 on Tuesday. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The firm has a fifty day moving average of $36.43 and a 200-day moving average of $39.93. The firm has a market capitalization of $7.52 billion, a P/E ratio of 979.25, a PEG 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 (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million during 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 was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. As a group, analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Profile

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

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