Amundi Has $37.23 Million Holdings in Vornado Realty Trust (NYSE:VNO)

Amundi lessened its stake in Vornado Realty Trust (NYSE:VNO) by 43.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 932,202 shares of the real estate investment trust’s stock after selling 714,272 shares during the quarter. Amundi’s holdings in Vornado Realty Trust were worth $37,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in shares of Vornado Realty Trust by 5.6% in the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after buying an additional 592,412 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Vornado Realty Trust by 126.8% in the fourth 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. JPMorgan Chase & Co. boosted its holdings in shares of Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Vornado Realty Trust by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock valued at $122,417,000 after buying an additional 39,147 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Vornado Realty Trust by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock valued at $110,370,000 after buying an additional 149,017 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analysts Set New Price Targets

VNO has been the subject of several research analyst reports. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Compass Point boosted their price objective 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. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted 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 report on Tuesday, February 25th. Finally, Truist Financial boosted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Two investment 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $37.39 on Thursday. 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 firm’s fifty day moving average price is $41.00 and its two-hundred day moving average price is $40.71. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The firm has a market capitalization of $7.14 billion, a P/E ratio of 934.78, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Profile

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