Gotham Asset Management LLC Cuts Stake in Vornado Realty Trust (NYSE:VNO)

Gotham Asset Management LLC trimmed its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,590 shares of the real estate investment trust's stock after selling 20,835 shares during the quarter. Gotham Asset Management LLC owned about 0.26% of Vornado Realty Trust worth $20,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $32,000. UMB Bank n.a. grew its position in shares of 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 valued at $32,000 after purchasing an additional 268 shares during the last quarter. FIL Ltd bought a new stake in Vornado Realty Trust during the fourth quarter worth about $49,000. Assetmark Inc. grew its position in Vornado Realty Trust by 23.8% during 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 during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Vornado Realty Trust by 61.6% in the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 677 shares during the period. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Down 2.8%

VNO stock traded down $1.12 during mid-day trading on Tuesday, reaching $39.07. The company had a trading volume of 104,146 shares, compared to its average volume of 1,626,974. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 980.90, a PEG ratio of 9.69 and a beta of 1.47. The stock has a 50 day simple moving average of $36.29 and a two-hundred day simple moving average of $40.04.

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, beating the consensus estimate 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 business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same period last year, the firm posted $0.55 earnings per share. Vornado Realty Trust's revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on VNO. StockNews.com cut shares of Vornado Realty Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their target price 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. Piper Sandler lowered their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Barclays boosted their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Finally, Morgan Stanley lifted their price objective 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. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.00.

Vornado Realty Trust Company Profile

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