Vornado Realty Trust (NYSE:VNO) Short Interest Update

Vornado Realty Trust (NYSE:VNO) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 9,060,000 shares, a decrease of 18.0% from the February 28th total of 11,050,000 shares. Currently, 5.2% of the shares of the stock are short sold. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is currently 6.7 days.

Institutional Trading of Vornado Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of VNO. Norges Bank purchased a new stake in Vornado Realty Trust during the fourth quarter worth approximately $729,073,000. Franklin Resources Inc. lifted its holdings in shares of 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 valued at $500,263,000 after acquiring an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Vornado Realty Trust by 3.2% during the 4th 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 during the period. Principal Financial Group Inc. increased its holdings in 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 purchasing an additional 3,575,593 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in 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 purchasing an additional 2,468,652 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VNO. Morgan Stanley lifted their price objective on 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. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Barclays upped 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. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Compass Point boosted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. 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 MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Trading Up 2.3 %

Shares of NYSE VNO traded up $0.87 during trading on Tuesday, hitting $37.86. 233,402 shares of the company traded hands, compared to its average volume of 1,684,907. 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 has a market capitalization of $7.22 billion, a P/E ratio of 945.75, a P/E/G ratio of 9.69 and a beta of 1.60. The company has a 50-day moving average price of $40.21 and a 200-day moving average price of $41.08. 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 (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts predict 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.