Lighthouse Investment Partners LLC grew its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,000 shares of the real estate investment trust's stock after buying an additional 10,000 shares during the quarter. Lighthouse Investment Partners LLC owned 0.14% of Vornado Realty Trust worth $10,930,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in Vornado Realty Trust during the fourth quarter worth approximately $729,073,000. Franklin Resources Inc. lifted its position in shares of Vornado Realty Trust by 7.1% during the fourth quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock worth $500,263,000 after purchasing an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Vornado Realty Trust by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after purchasing an additional 278,409 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock worth $131,833,000 after purchasing an additional 1,651,819 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
Vornado Realty Trust Stock Performance
Shares of NYSE:VNO traded up $0.17 on Friday, reaching $39.63. 830,055 shares of the company's stock were exchanged, compared to its average volume of 1,620,547. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 990.75, a PEG ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The business's 50-day moving average is $36.39 and its two-hundred day moving average is $39.96. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on VNO. Compass Point boosted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. Barclays boosted their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, March 14th. Finally, Morgan Stanley boosted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and an average price target of $38.00.
Read Our Latest Report on VNO
Vornado Realty Trust Profile
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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