Wells Fargo & Company MN Raises Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Wells Fargo & Company MN increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 609,300 shares of the real estate investment trust’s stock after acquiring an additional 16,811 shares during the period. Wells Fargo & Company MN owned about 0.32% of Vornado Realty Trust worth $25,615,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth $729,073,000. Principal Financial Group Inc. lifted its holdings in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after buying an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares during the period. Franklin Resources Inc. grew its stake in Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust’s stock worth $500,263,000 after acquiring an additional 792,100 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Vornado Realty Trust by 41.5% during the fourth quarter. Centersquare Investment Management LLC now owns 1,963,180 shares of the real estate investment trust’s stock worth $82,532,000 after acquiring an additional 576,122 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

VNO has been the topic of several research analyst reports. Piper Sandler dropped their price objective on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. 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 report on Tuesday, February 25th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Barclays increased their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Vornado Realty Trust Price Performance

Shares of VNO opened at $33.19 on Friday. The company has a 50 day moving average of $38.45 and a two-hundred day moving average of $40.72. 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 has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 829.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. As a group, analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

About Vornado Realty Trust

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