Swiss National Bank Sells 39,300 Shares of Vornado Realty Trust (NYSE:VNO)

Swiss National Bank reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,217 shares of the real estate investment trust's stock after selling 39,300 shares during the quarter. Swiss National Bank owned approximately 0.17% of Vornado Realty Trust worth $9,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in Vornado Realty Trust by 46.9% in the 3rd 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 during the last quarter. Bank of New York Mellon Corp grew its stake in Vornado Realty Trust by 2.3% in the 3rd 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 during the period. New York State Teachers Retirement System raised its holdings in Vornado Realty Trust by 1.9% in the 3rd quarter. New York State Teachers Retirement System now owns 199,976 shares of the real estate investment trust's stock valued at $4,535,000 after acquiring an additional 3,807 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 purchasing an additional 6,022 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Vornado Realty Trust in the third quarter valued at $1,135,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Stock Up 3.9 %

Vornado Realty Trust stock traded up $0.95 during midday trading on Tuesday, hitting $25.40. 1,941,690 shares of the stock were exchanged, compared to its average volume of 2,203,009. Vornado Realty Trust has a 1 year low of $12.31 and a 1 year high of $32.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a market cap of $4.84 billion, a P/E ratio of 169.34 and a beta of 1.57. The company has a 50 day moving average price of $26.56 and a two-hundred day moving average price of $26.16.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.55). Vornado Realty Trust had a net margin of 5.07% and a return on equity of 3.02%. The business had revenue of $441.89 million during the quarter, compared to analysts' expectations of $453.82 million. During the same period in the prior year, the company posted $0.72 EPS. The company's revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that Vornado Realty Trust will post 2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

VNO has been the topic of several recent analyst reports. Barclays began coverage on Vornado Realty Trust in a research report on Wednesday, March 27th. They set an "underweight" rating and a $22.00 target price on the stock. 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 research note on Wednesday, May 8th. Piper Sandler decreased their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday. Evercore ISI dropped their price objective on Vornado Realty Trust from $28.00 to $26.00 and set an "underperform" rating for the company in a report on Thursday, February 15th. Finally, Morgan Stanley upgraded 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 report on Thursday, March 28th. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, Vornado Realty Trust has a consensus rating of "Reduce" and a consensus price target of $24.70.

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.