Natixis Advisors LLC Grows Position in Vornado Realty Trust (NYSE:VNO)

Natixis Advisors LLC grew its stake in Vornado Realty Trust (NYSE:VNOFree Report) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,682 shares of the real estate investment trust’s stock after purchasing an additional 1,180 shares during the period. Natixis Advisors LLC’s holdings in Vornado Realty Trust were worth $736,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VNO. Principal Financial Group Inc. boosted its position in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Bank of Montreal Can boosted its position in Vornado Realty Trust by 2,229.1% in the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after purchasing an additional 818,838 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its position in Vornado Realty Trust by 45.0% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock worth $51,875,000 after purchasing an additional 612,765 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Vornado Realty Trust by 324.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock worth $20,292,000 after purchasing an additional 590,176 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Vornado Realty Trust by 91.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock worth $22,418,000 after purchasing an additional 406,965 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

VNO has been the topic of a number of recent analyst reports. Evercore ISI increased their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Compass Point increased their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Piper Sandler reiterated a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.07.

Get Our Latest Stock Analysis on Vornado Realty Trust

Vornado Realty Trust Stock Down 1.3 %

NYSE VNO opened at $43.43 on Thursday. The business has a fifty day moving average price of $41.31 and a 200 day moving average price of $33.09. Vornado Realty Trust has a one year low of $21.16 and a one year high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The company has a market cap of $8.28 billion, a P/E ratio of -151.67 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNOGet Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The firm had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the prior year, the company posted $0.66 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Research analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Profile

(Free Report)

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

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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