US Bancorp DE Raises Stake in Vornado Realty Trust (NYSE:VNO)

US Bancorp DE raised its position in Vornado Realty Trust (NYSE:VNO) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 18,664 shares of the real estate investment trust’s stock after buying an additional 1,135 shares during the period. US Bancorp DE’s holdings in Vornado Realty Trust were worth $785,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VNO. Franklin Resources Inc. raised its holdings in Vornado Realty Trust by 5.6% during the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after purchasing an additional 592,412 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC raised its holdings in Vornado Realty Trust by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after purchasing an additional 39,147 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vornado Realty Trust by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after purchasing an additional 149,017 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $38.17 on Tuesday. 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 capitalization of $7.28 billion, a P/E ratio of 954.23, a P/E/G ratio of 9.69 and a beta of 1.60. The company’s fifty day moving average is $41.17 and its two-hundred day moving average is $40.67. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (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%. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VNO. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Compass Point raised their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Truist Financial lifted their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Profile

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