Northern Trust Corp Buys 1,358,498 Shares of Vornado Realty Trust (NYSE:VNO)

Northern Trust Corp lifted its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 98.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,741,129 shares of the real estate investment trust's stock after acquiring an additional 1,358,498 shares during the period. Northern Trust Corp owned approximately 1.44% of Vornado Realty Trust worth $115,237,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in Vornado Realty Trust during the 3rd quarter worth approximately $176,000. Tidal Investments LLC purchased a new stake in shares of Vornado Realty Trust in the third quarter worth $258,000. Franklin Resources Inc. boosted its stake in Vornado Realty Trust by 5.6% during the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock valued at $444,859,000 after buying an additional 592,412 shares during the period. Retirement Systems of Alabama grew its position in Vornado Realty Trust by 1.9% during the third quarter. Retirement Systems of Alabama now owns 201,310 shares of the real estate investment trust's stock worth $7,932,000 after buying an additional 3,824 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after acquiring an additional 2,286,997 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Trading Down 0.4 %

VNO traded down $0.17 during midday trading on Friday, reaching $38.56. 277,905 shares of the company's stock traded hands, compared to its average volume of 1,628,429. 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 firm has a fifty day moving average of $36.30 and a two-hundred day moving average of $40.13. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 964.00, a P/E/G ratio of 9.69 and a beta of 1.47.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results 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. The firm had revenue of $461.58 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS. On average, equities analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. StockNews.com downgraded shares of Vornado Realty Trust from a "hold" rating to a "sell" rating in a report on Wednesday. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, February 25th. Finally, Piper Sandler cut their price objective on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Profile

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