Vanguard Group Inc. Sells 79,509 Shares of Vornado Realty Trust (NYSE:VNO)

Vanguard Group Inc. reduced its stake in shares of Vornado Realty Trust (NYSE:VNO) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,731,708 shares of the real estate investment trust’s stock after selling 79,509 shares during the period. Vanguard Group Inc. owned 12.97% of Vornado Realty Trust worth $1,039,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VNO. Franklin Resources Inc. increased its holdings in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after acquiring an additional 592,412 shares during the last quarter. Principal Financial Group Inc. boosted its position in 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 during the period. JPMorgan Chase & Co. grew its holdings in Vornado Realty Trust by 232.8% during 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 purchasing an additional 2,468,652 shares during the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 39,147 shares during the period. Finally, Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust in the third quarter worth $75,347,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VNO shares. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Truist Financial raised their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Barclays boosted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Morgan Stanley raised their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. Finally, 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 report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Stock Performance

VNO opened at $36.75 on Friday. The stock’s 50 day simple moving average is $40.29 and its 200-day simple moving average is $40.98. 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 stock has a market cap of $7.01 billion, a PE ratio of 918.80, a P/E/G ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

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 for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Company Profile

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