Vornado Realty Trust (NYSE:VNO) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in shares of Vornado Realty Trust (NYSE:VNO) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,055 shares of the real estate investment trust’s stock after purchasing an additional 1,647 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vornado Realty Trust were worth $2,315,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Vornado Realty Trust by 6.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock valued at $9,321,000 after acquiring an additional 12,780 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Vornado Realty Trust in the fourth quarter valued at about $4,111,000. Norges Bank purchased a new position in shares of Vornado Realty Trust in the fourth quarter worth about $729,073,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Vornado Realty Trust by 4.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 109,796 shares of the real estate investment trust’s stock worth $4,659,000 after purchasing an additional 4,358 shares during the period. Finally, Prudential Financial Inc. boosted its position in Vornado Realty Trust by 35.6% in the fourth 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. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Morgan Stanley boosted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Barclays lifted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Trading Down 2.8 %

Shares of VNO stock opened at $32.96 on Friday. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 823.98, a PEG 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. The stock has a 50 day simple moving average of $39.71 and a 200-day simple moving average of $40.99.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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 research analysts expect 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.