Cbre Investment Management Listed Real Assets LLC grew its position in Vornado Realty Trust (NYSE:VNO – Free Report) by 48.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,439,438 shares of the real estate investment trust’s stock after acquiring an additional 466,621 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.75% of Vornado Realty Trust worth $55,044,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of VNO. Teacher Retirement System of Texas purchased a new position in Vornado Realty Trust during the 1st quarter worth $876,000. US Bancorp DE boosted its stake in shares of Vornado Realty Trust by 1.3% during the second quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after buying an additional 259 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Vornado Realty Trust during the first quarter worth about $3,341,000. Truist Financial Corp increased its position in Vornado Realty Trust by 18.8% in the 2nd quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 1,214 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Vornado Realty Trust by 208.8% during the 1st quarter. Victory Capital Management Inc. now owns 101,054 shares of the real estate investment trust’s stock valued at $3,738,000 after acquiring an additional 68,324 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
Vornado Realty Trust Stock Up 0.3%
Vornado Realty Trust stock opened at $35.64 on Friday. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The stock’s fifty day moving average is $39.77 and its two-hundred day moving average is $38.72. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 4.57 and a beta of 1.57.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH initiated coverage on Vornado Realty Trust in a report on Monday, October 13th. They set a “buy” rating and a $48.00 price target for the company. Mizuho dropped their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Evercore ISI upped their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Bank of America dropped their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.33.
Read Our Latest Analysis on Vornado Realty Trust
Insider Activity at Vornado Realty Trust
In related news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is currently owned by insiders.
Vornado Realty Trust Profile
Vornado Realty Trust is a fully – integrated equity real estate investment trust.
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