National Bank of Canada FI Raises Stock Holdings in Vornado Realty Trust (NYSE:VNO)

National Bank of Canada FI boosted its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 850,000 shares of the real estate investment trust's stock after acquiring an additional 44,700 shares during the period. National Bank of Canada FI owned 0.45% of Vornado Realty Trust worth $24,395,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Greenleaf Trust boosted its stake in shares of Vornado Realty Trust by 2.8% during the 3rd quarter. Greenleaf Trust now owns 19,064 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 516 shares during the period. Arizona State Retirement System boosted its position in Vornado Realty Trust by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 46,439 shares of the real estate investment trust's stock valued at $1,053,000 after buying an additional 628 shares during the period. Wealthspire Advisors LLC boosted its position in Vornado Realty Trust by 1.9% in the 3rd quarter. Wealthspire Advisors LLC now owns 33,928 shares of the real estate investment trust's stock valued at $769,000 after buying an additional 638 shares during the period. Signaturefd LLC boosted its position in Vornado Realty Trust by 3.3% in the 3rd quarter. Signaturefd LLC now owns 20,363 shares of the real estate investment trust's stock valued at $462,000 after buying an additional 646 shares during the period. Finally, Jeppson Wealth Management LLC boosted its position in Vornado Realty Trust by 5.9% in the 4th quarter. Jeppson Wealth Management LLC now owns 13,934 shares of the real estate investment trust's stock valued at $394,000 after buying an additional 773 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Evercore ISI lowered their price target on shares of Vornado Realty Trust from $28.00 to $26.00 and set an "underperform" rating for the company in a research report on Thursday, February 15th. Morgan Stanley raised shares of Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. The Goldman Sachs Group lowered their price target on shares of Vornado Realty Trust from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Thursday, February 22nd. Finally, Barclays assumed coverage on shares of Vornado Realty Trust in a research note on Wednesday, March 27th. They set an "underweight" rating and a $22.00 price objective for the company. Six investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $24.80.

Vornado Realty Trust Price Performance

VNO traded down $2.43 during midday trading on Tuesday, hitting $24.21. 5,849,561 shares of the company traded hands, compared to its average volume of 2,228,628. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 108.22 and a beta of 1.57. Vornado Realty Trust has a 52-week low of $12.31 and a 52-week high of $32.21. The business has a 50 day simple moving average of $26.74 and a two-hundred day simple moving average of $25.96.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $441.89 million for the quarter, compared to analysts' expectations of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. On average, equities analysts forecast that Vornado Realty Trust will post 2.3 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.