Mitsubishi UFJ Asset Management Co. Ltd. Buys 4,358 Shares of Vornado Realty Trust (NYSE:VNO)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Vornado Realty Trust (NYSE:VNO) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,796 shares of the real estate investment trust’s stock after purchasing an additional 4,358 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Vornado Realty Trust worth $4,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VNO. Prudential Financial Inc. raised its stake in Vornado Realty Trust by 35.6% during the 4th quarter. Prudential Financial Inc. now owns 121,650 shares of the real estate investment trust’s stock valued at $5,114,000 after buying an additional 31,947 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Vornado Realty Trust by 11.9% in the fourth quarter. LPL Financial LLC now owns 78,917 shares of the real estate investment trust’s stock worth $3,318,000 after acquiring an additional 8,398 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Vornado Realty Trust in the fourth quarter worth $1,413,000. Sei Investments Co. increased its position in Vornado Realty Trust by 35.0% during the fourth quarter. Sei Investments Co. now owns 734,060 shares of the real estate investment trust’s stock valued at $30,860,000 after acquiring an additional 190,493 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Vornado Realty Trust by 20.0% in the fourth quarter. American Century Companies Inc. now owns 1,168,126 shares of the real estate investment trust’s stock valued at $49,108,000 after acquiring an additional 194,987 shares during the period. Institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on VNO. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price target for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Compass Point raised their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group raised their price objective 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, Barclays lifted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. 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, the company presently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $37.75 on Wednesday. The business has a 50 day simple moving average of $40.21 and a two-hundred day simple moving average of $41.08. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The stock has a market capitalization of $7.20 billion, a PE ratio of 943.70, a P/E/G ratio of 9.69 and a beta of 1.60. 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 quarterly 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%. On average, research analysts predict 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.