Federated Hermes Inc. Boosts Holdings in Vornado Realty Trust (NYSE:VNO)

Federated Hermes Inc. raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 15.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,964 shares of the real estate investment trust’s stock after buying an additional 11,898 shares during the period. Federated Hermes Inc.’s holdings in Vornado Realty Trust were worth $3,824,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VNO. FNY Investment Advisers LLC purchased a new stake in shares of Vornado Realty Trust in the 4th quarter worth $4,015,000. JPMorgan Chase & Co. increased its position in Vornado Realty Trust by 232.8% in 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 buying an additional 2,468,652 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares during the period. UMB Bank n.a. lifted its position in shares of Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Vornado Realty Trust during the 4th quarter valued at approximately $235,000. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VNO. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Barclays lifted 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. Mizuho upgraded 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. Morgan Stanley boosted their price objective on 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. Finally, Compass Point increased 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.00.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO opened at $33.19 on Friday. The firm has a fifty day simple moving average of $38.45 and a two-hundred day simple moving average of $40.72. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. 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 stock has a market capitalization of $6.33 billion, a P/E ratio of 829.75, a PEG ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating 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, analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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