Nan Fung Trinity HK Ltd. Lowers Holdings in Vornado Realty Trust (NYSE:VNO)

Nan Fung Trinity HK Ltd. trimmed its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 43.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,000 shares of the real estate investment trust's stock after selling 60,600 shares during the quarter. Vornado Realty Trust accounts for 0.5% of Nan Fung Trinity HK Ltd.'s portfolio, making the stock its 20th largest position. Nan Fung Trinity HK Ltd.'s holdings in Vornado Realty Trust were worth $2,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VNO. Contravisory Investment Management Inc. bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in Vornado Realty Trust during the fourth quarter worth $40,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of Vornado Realty Trust by 8,355.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 1,504 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of Vornado Realty Trust during the fourth quarter valued at $50,000. Finally, Selway Asset Management acquired a new stake in shares of Vornado Realty Trust in the 3rd quarter valued at $45,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Up 4.0 %

NYSE VNO traded up $0.95 during trading hours on Thursday, hitting $24.66. The company's stock had a trading volume of 1,436,702 shares, compared to its average volume of 2,222,119. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21. The firm has a market capitalization of $4.70 billion, a P/E ratio of 164.40 and a beta of 1.57. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. The stock has a fifty day moving average of $26.66 and a 200 day moving average of $25.96.

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

Analyst Upgrades and Downgrades

VNO has been the subject of a number of recent analyst reports. Morgan Stanley raised Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Barclays started coverage on shares of Vornado Realty Trust in a research report on Wednesday, March 27th. They set an "underweight" rating and a $22.00 price target on the stock. Compass Point lowered their price objective on shares of Vornado Realty Trust from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their target price on shares of Vornado Realty Trust from $24.00 to $21.00 and set a "sell" rating on the stock in a research report on Thursday, February 22nd. Finally, Evercore ISI decreased their price target on shares of Vornado Realty Trust from $28.00 to $26.00 and set an "underperform" rating on the stock in a research note on Thursday, February 15th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $25.00.

About Vornado Realty Trust

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.