Vornado Realty Trust (NYSE:VNO) Shares Bought by M&T Bank Corp

M&T Bank Corp lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 141.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,190 shares of the real estate investment trust's stock after purchasing an additional 41,657 shares during the period. M&T Bank Corp's holdings in Vornado Realty Trust were worth $2,011,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in Vornado Realty Trust by 46.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,430 shares of the real estate investment trust's stock valued at $373,000 after purchasing an additional 5,242 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Vornado Realty Trust by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 1,560,328 shares of the real estate investment trust's stock worth $35,388,000 after acquiring an additional 34,457 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Vornado Realty Trust by 1.9% during the third quarter. New York State Teachers Retirement System now owns 199,976 shares of the real estate investment trust's stock worth $4,535,000 after acquiring an additional 3,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vornado Realty Trust by 9.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,503 shares of the real estate investment trust's stock worth $1,599,000 after acquiring an additional 6,022 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Vornado Realty Trust during the third quarter worth about $1,135,000. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Performance

VNO traded down $0.47 during midday trading on Friday, reaching $24.20. The company had a trading volume of 1,477,655 shares, compared to its average volume of 1,847,536. The business has a 50-day moving average price of $26.61 and a two-hundred day moving average price of $25.99. Vornado Realty Trust has a 12-month low of $12.31 and a 12-month high of $32.21. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95. The stock has a market cap of $4.61 billion, a PE ratio of 161.34 and a beta of 1.57.

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 (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). Vornado Realty Trust had a net margin of 5.07% and a return on equity of 2.99%. The business had revenue of $441.89 million during the quarter, compared to the consensus estimate of $453.82 million. During the same period last year, the firm earned $0.72 EPS. The business's revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts expect that Vornado Realty Trust will post 2.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on VNO. Morgan Stanley raised shares of Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Evercore ISI cut 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 report on Thursday, February 15th. The Goldman Sachs Group cut their price target on shares of Vornado Realty Trust from $24.00 to $21.00 and set a "sell" rating on the stock in a report on Thursday, February 22nd. Barclays assumed coverage on shares of Vornado Realty Trust in a report on Wednesday, March 27th. They set an "underweight" rating and a $22.00 price target on the stock. Finally, Compass Point cut their price target on shares of Vornado Realty Trust from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target 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.