Price T Rowe Associates Inc. MD Raises Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Price T Rowe Associates Inc. MD grew its position in Vornado Realty Trust (NYSE:VNO) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,888,449 shares of the real estate investment trust’s stock after acquiring an additional 278,409 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Vornado Realty Trust were worth $373,672,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VNO. ORG Wealth Partners LLC purchased a new position in Vornado Realty Trust during the 4th quarter worth $32,000. UMB Bank n.a. boosted its stake in shares of Vornado Realty Trust by 53.2% during 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 period. Versant Capital Management Inc grew its holdings in shares of Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 872 shares during the last quarter. FIL Ltd acquired a new position in Vornado Realty Trust in the 4th quarter valued at about $49,000. Finally, Assetmark Inc. increased its position 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 acquiring an additional 286 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Piper Sandler cut their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. 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 report on Friday, March 14th. Finally, The Goldman Sachs Group increased their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.00.

Vornado Realty Trust Stock Up 1.7 %

Shares of NYSE VNO opened at $35.50 on Friday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 887.50, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The firm has a 50-day moving average price of $36.98 and a 200 day moving average price of $40.41. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

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

About Vornado Realty Trust

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