Vornado Realty Trust (NYSE:VNO) Holdings Cut by First Pacific Advisors LP

First Pacific Advisors LP reduced its stake in Vornado Realty Trust (NYSE:VNO) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,797,749 shares of the real estate investment trust’s stock after selling 129,046 shares during the period. Vornado Realty Trust accounts for about 1.1% of First Pacific Advisors LP’s investment portfolio, making the stock its 27th biggest holding. First Pacific Advisors LP owned about 0.94% of Vornado Realty Trust worth $75,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. US Bancorp DE grew its stake in Vornado Realty Trust by 1.8% during the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 311 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Vornado Realty Trust by 42.5% during the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 665 shares during the period. Van ECK Associates Corp grew its position in shares of Vornado Realty Trust by 10.1% during the third quarter. Van ECK Associates Corp now owns 77,794 shares of the real estate investment trust’s stock worth $3,335,000 after acquiring an additional 7,144 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares during the period. Finally, Atria Investments Inc increased its holdings in shares of Vornado Realty Trust by 5.6% in the 3rd quarter. Atria Investments Inc now owns 51,725 shares of the real estate investment trust’s stock worth $2,038,000 after acquiring an additional 2,752 shares during the period. 90.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial upped their target price 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. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Compass Point lifted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Trading Up 4.1 %

Shares of Vornado Realty Trust stock opened at $39.77 on Monday. The business has a fifty day simple moving average of $41.17 and a 200-day simple moving average of $40.62. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 994.23, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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