American Century Companies Inc. Raises Stake in Vornado Realty Trust (NYSE:VNO)

American Century Companies Inc. lifted its position in Vornado Realty Trust (NYSE:VNO) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,168,126 shares of the real estate investment trust’s stock after purchasing an additional 194,987 shares during the period. American Century Companies Inc. owned about 0.61% of Vornado Realty Trust worth $49,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its stake in Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after buying an additional 592,412 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Vornado Realty Trust by 126.8% in 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 acquiring an additional 3,575,593 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 worth $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC raised its stake in Vornado Realty Trust by 1.3% during the 3rd 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 purchased a new position in Vornado Realty Trust in the 3rd quarter worth approximately $75,347,000. 90.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Barclays raised their target price 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. The Goldman Sachs Group boosted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Truist Financial raised their price objective 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. Finally, Compass Point boosted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Trading Down 1.6 %

Shares of VNO stock opened at $38.69 on Thursday. The company has a market cap of $7.38 billion, a PE ratio of 967.13, a price-to-earnings-growth 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. The stock’s 50 day simple moving average is $40.49 and its two-hundred day simple moving average is $40.99. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share 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%. Research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Profile

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