2 weeks Ago By ABMN Staff
Envestnet Portfolio Solutions Inc. reduced its position in Vornado Realty Trust ( NYSE:VNO – Free Report ) by 5.1% during the fourth quarter, HoldingsChannel reports.
The fund owned 13,267 shares of the real estate investment trust’s stock after selling 708 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vornado Realty Trust were worth $558,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in VNO. UMB Bank n.a.
raised its position in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.
a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Vornado Realty Trust by 0.
7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 272 shares during the period. Assetmark Inc.
grew its stake in Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc.
now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 286 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vornado Realty Trust by 0.4% during the 3rd quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock valued at $2,731,000 after acquiring an additional 299 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of Vornado Realty Trust by 5.8% during the fourth quarter.
CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 324 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of analysts recently issued reports on the company. Morgan Stanley increased their price objective on Vornado Realty Trust from $26.00 to $28.
00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. Mizuho raised shares of 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 report on Tuesday, January 7th. The Goldman Sachs Group boosted 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. Truist Financial increased their target price on shares of Vornado Realty Trust from $31.00 to $40.
00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Barclays boosted their price target on shares of Vornado Realty Trust from $31.00 to $32.
00 and gave the company an “underweight” rating in a research report on Friday, March 14th. Two 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.
55. Vornado Realty Trust Stock Performance Vornado Realty Trust stock opened at $39.31 on Wednesday.
Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63.
The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.
59. The stock has a market cap of $7.50 billion, a P/E ratio of 982.
75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.
The firm’s fifty day moving average price is $40.50 and its 200-day moving average price is $40.95.
Vornado Realty Trust ( NYSE:VNO – Get Free Report ) last released its 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 return on equity of 1.
60% and a net margin of 3.94%. On average, equities research analysts expect that Vornado Realty Trust will post 2.
31 earnings per share for the current fiscal year. About Vornado Realty Trust ( Free Report ) Vornado Realty Trust is a fully – integrated equity real estate investment trust. Further Reading Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Vornado Realty Trust ( NYSE:VNO – Free Report ). Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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