Vornado Realty Trust (NYSE:VNO) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,232 shares of the real estate investment trust’s stock after acquiring an additional 4,436 shares during the period. Cibc World Markets Corp’s holdings in Vornado Realty Trust were worth $2,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VNO. Victory Capital Management Inc. grew its stake in Vornado Realty Trust by 18.6% during the 3rd quarter. Victory Capital Management Inc. now owns 63,580 shares of the real estate investment trust’s stock worth $2,505,000 after buying an additional 9,968 shares during the last quarter. CIBC Asset Management Inc bought a new position in Vornado Realty Trust during the 3rd quarter worth $222,000. Empowered Funds LLC bought a new position in Vornado Realty Trust during the 3rd quarter worth $215,000. Natixis Advisors LLC grew its stake 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 purchasing an additional 1,180 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake 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 purchasing an additional 272 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. 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. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, March 14th. Finally, Compass Point increased their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Two equities research 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. Based on data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Trading Down 1.0 %

Shares of NYSE VNO opened at $38.26 on Friday. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 956.40, a P/E/G 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. The business has a fifty day simple moving average of $40.48 and a 200-day simple moving average of $40.81.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

About Vornado Realty Trust

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