Freedom Investment Management Inc. Decreases Position in Vornado Realty Trust (NYSE:VNO)

Freedom Investment Management Inc. decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 75.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,524 shares of the real estate investment trust's stock after selling 17,184 shares during the period. Freedom Investment Management Inc.'s holdings in Vornado Realty Trust were worth $232,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MML Investors Services LLC purchased a new stake in Vornado Realty Trust during the third quarter worth about $248,000. Sanctuary Advisors LLC lifted its position in shares of Vornado Realty Trust by 93.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,619 shares of the real estate investment trust's stock valued at $663,000 after acquiring an additional 7,563 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter worth approximately $176,000. Tidal Investments LLC acquired a new stake in shares of Vornado Realty Trust in the 3rd quarter worth approximately $258,000. Finally, Franklin Resources Inc. increased its stake in Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock valued at $444,859,000 after purchasing an additional 592,412 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Down 0.1 %

Shares of VNO traded down $0.03 during trading hours on Monday, hitting $35.73. The stock had a trading volume of 113,756 shares, compared to its average volume of 1,655,993. The company's fifty day simple moving average is $36.86 and its 200 day simple moving average is $40.40. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The firm has a market cap of $6.86 billion, a P/E ratio of 891.88, a P/E/G ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Equities research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on VNO. Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Morgan Stanley raised their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and upped their target price for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Piper Sandler dropped their price target on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $38.00.

About Vornado Realty Trust

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