Nomura Asset Management Co. Ltd. Boosts Stake in Vornado Realty Trust (NYSE:VNO)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 221,710 shares of the real estate investment trust’s stock after acquiring an additional 12,780 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.12% of Vornado Realty Trust worth $9,321,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Vornado Realty Trust during the 4th quarter worth approximately $32,000. UMB Bank n.a. increased its stake 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 worth $32,000 after buying an additional 268 shares during the last quarter. Versant Capital Management Inc raised its holdings in Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 872 shares in the last quarter. Quarry LP bought a new position in Vornado Realty Trust during the 3rd quarter valued at $54,000. Finally, Assetmark Inc. boosted its stake in Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 2.5 %

Vornado Realty Trust stock opened at $36.75 on Monday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The company has a 50-day simple moving average of $40.29 and a 200-day simple moving average of $41.03. The firm has a market capitalization of $7.01 billion, a P/E ratio of 918.80, a P/E/G ratio of 9.69 and a beta of 1.60.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on VNO. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Morgan Stanley lifted their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. Truist Financial upped their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Barclays lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Profile

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