Norges Bank Buys New Position in Vornado Realty Trust (NYSE:VNO)

Norges Bank bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,342,373 shares of the real estate investment trust’s stock, valued at approximately $729,073,000. Norges Bank owned about 9.10% of Vornado Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VNO. UMB Bank n.a. lifted its holdings 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 worth $32,000 after acquiring an additional 268 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Vornado Realty Trust by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after purchasing an additional 272 shares in the last quarter. Assetmark Inc. lifted its stake in Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 286 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 buying an additional 299 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Vornado Realty Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 2.6 %

Vornado Realty Trust stock opened at $37.70 on Friday. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 942.43, a P/E/G ratio of 9.69 and a beta of 1.60. The firm has a 50 day moving average of $40.38 and a 200 day moving average of $40.95. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Barclays boosted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. Truist Financial upped their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 25th. Finally, StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Company Profile

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