BNP Paribas Financial Markets Has $2.99 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

BNP Paribas Financial Markets lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,170 shares of the real estate investment trust's stock after selling 46,531 shares during the period. BNP Paribas Financial Markets' holdings in Vornado Realty Trust were worth $2,992,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth approximately $729,073,000. Principal Financial Group Inc. raised its holdings in shares of Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after buying an additional 3,575,593 shares during the period. Invesco Ltd. boosted its stake in shares of Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock valued at $131,833,000 after purchasing an additional 1,651,819 shares during the period. Northern Trust Corp raised its position in Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock valued at $115,237,000 after purchasing an additional 1,358,498 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Vornado Realty Trust by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock worth $500,263,000 after acquiring an additional 792,100 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VNO shares. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. The Goldman Sachs Group boosted their price target 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. 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. Barclays increased their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Finally, Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Two 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $38.00.

Vornado Realty Trust Price Performance

NYSE VNO traded down $0.72 on Wednesday, reaching $38.10. 50,415 shares of the stock traded hands, compared to its average volume of 1,609,715. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm's fifty day simple moving average is $36.50 and its 200 day simple moving average is $39.93. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 955.13, a P/E/G ratio of 9.69 and a beta of 1.47.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. As a group, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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