Tower Research Capital LLC TRC Raises Stake in Vornado Realty Trust (NYSE:VNO)

Tower Research Capital LLC TRC boosted its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 318.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,654 shares of the real estate investment trust's stock after acquiring an additional 14,191 shares during the quarter. Tower Research Capital LLC TRC's holdings in Vornado Realty Trust were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. MetLife Investment Management LLC raised its stake in Vornado Realty Trust by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 98,534 shares of the real estate investment trust's stock valued at $4,142,000 after purchasing an additional 7,686 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Vornado Realty Trust by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,501,788 shares of the real estate investment trust's stock valued at $105,173,000 after purchasing an additional 15,921 shares in the last quarter. GeoWealth Management LLC lifted its position in Vornado Realty Trust by 4.9% during the 4th quarter. GeoWealth Management LLC now owns 14,276 shares of the real estate investment trust's stock worth $600,000 after acquiring an additional 662 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Vornado Realty Trust by 4.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 334,913 shares of the real estate investment trust's stock worth $14,076,000 after buying an additional 14,309 shares during the period. Finally, PEAK6 LLC acquired a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $992,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VNO has been the topic of several research reports. The Goldman Sachs Group increased their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Compass Point upped their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vornado Realty Trust currently has an average rating of "Hold" and a consensus price target of $38.00.

Vornado Realty Trust Stock Performance

VNO stock traded up $1.47 during trading hours on Friday, hitting $37.47. 272,566 shares of the stock were exchanged, compared to its average volume of 1,366,146. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company has a 50-day simple moving average of $36.55 and a two-hundred day simple moving average of $40.27. The firm has a market capitalization of $7.19 billion, a P/E ratio of 936.70, a P/E/G ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. On average, analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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