Short Interest in Vornado Realty Trust (NYSE:VNO) Drops By 18.0%

Vornado Realty Trust (NYSE:VNO) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 9,060,000 shares, a decline of 18.0% from the February 28th total of 11,050,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 6.7 days. Approximately 5.2% of the company’s shares are short sold.

Analyst Ratings Changes

VNO has been the topic of several recent analyst reports. Barclays raised their target price 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. Mizuho raised shares of 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. The Goldman Sachs Group raised their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Finally, Compass Point lifted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $38.55.

Institutional Trading of Vornado Realty Trust

Several institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth $32,000. UMB Bank n.a. raised its stake in 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 purchasing an additional 268 shares during the period. Versant Capital Management Inc boosted its holdings in Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 872 shares during the last quarter. FIL Ltd purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at approximately $49,000. Finally, Quarry LP purchased a new stake in Vornado Realty Trust in the third quarter valued at $54,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $38.17 on Thursday. The company has a 50 day moving average price of $40.06 and a 200 day moving average price of $41.07. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $7.28 billion, a P/E ratio of 954.25, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week 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 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%. Sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Company Profile

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