Daiwa Securities Group Inc. Increases Holdings in Vornado Realty Trust (NYSE:VNO)

Daiwa Securities Group Inc. grew its holdings in Vornado Realty Trust (NYSE:VNO) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,792 shares of the real estate investment trust’s stock after acquiring an additional 5,819 shares during the period. Daiwa Securities Group Inc.’s holdings in Vornado Realty Trust were worth $2,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in VNO. Cerity Partners LLC lifted its position in shares of Vornado Realty Trust by 61.5% in the third quarter. Cerity Partners LLC now owns 17,093 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 6,509 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 worth $110,370,000 after buying an additional 149,017 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Vornado Realty Trust by 2,278.3% in the third quarter. Meeder Asset Management Inc. now owns 2,735 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 2,620 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 272 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Vornado Realty Trust by 6.7% in the third quarter. Natixis Advisors LLC now owns 18,682 shares of the real estate investment trust’s stock worth $736,000 after buying an additional 1,180 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. Bank of America boosted their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Piper Sandler reissued a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Finally, Compass Point boosted their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.68.

Vornado Realty Trust Stock Performance

VNO opened at $43.43 on Friday. The stock’s 50 day moving average price is $41.40 and its 200-day moving average price is $33.16. Vornado Realty Trust has a one year low of $21.16 and a one year high of $46.63. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The business had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Company Profile

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