Zurich Insurance Group Ltd FI raised its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,367 shares of the real estate investment trust's stock after buying an additional 52,276 shares during the period. Zurich Insurance Group Ltd FI owned about 0.26% of Vornado Realty Trust worth $21,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. increased its stake in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 268 shares during the period. Assetmark Inc. raised its position 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 worth $63,000 after acquiring an additional 286 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Vornado Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 324 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Vornado Realty Trust by 4.7% in the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock valued at $322,000 after buying an additional 344 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake 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 valued at $1,976,000 after acquiring an additional 373 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on VNO. The Goldman Sachs Group boosted their price objective 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 boosted their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Piper Sandler lifted their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Compass Point increased their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $38.09.
Read Our Latest Analysis on Vornado Realty Trust
Vornado Realty Trust Price Performance
VNO stock traded down $0.08 during mid-day trading on Monday, reaching $37.09. The company's stock had a trading volume of 874,387 shares, compared to its average volume of 1,616,601. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company's 50 day moving average is $36.48 and its two-hundred day moving average is $39.78. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a market cap of $7.12 billion, a PE ratio of 927.15, a P/E/G ratio of 9.69 and a beta of 1.47.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The company had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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