Securian Asset Management Inc. Trims Holdings in Vornado Realty Trust (NYSE:VNO)

Securian Asset Management Inc. cut its holdings in Vornado Realty Trust (NYSE:VNO) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,539 shares of the real estate investment trust’s stock after selling 347 shares during the quarter. Securian Asset Management Inc.’s holdings in Vornado Realty Trust were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNO. ORG Wealth Partners LLC purchased a new stake in shares of Vornado Realty Trust in the 4th quarter worth about $32,000. UMB Bank n.a. grew its position in shares of Vornado Realty Trust by 53.2% in the 4th 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 position in shares of 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 worth $40,000 after buying an additional 872 shares during the period. Assetmark Inc. grew its position in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 661 shares during the period. Finally, Quarry LP purchased a new stake in shares of Vornado Realty Trust in the 3rd quarter worth about $54,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VNO. Morgan Stanley upped their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday. The Goldman Sachs Group increased their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 25th. Truist Financial raised their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Compass Point raised 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 note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $38.13 on Tuesday. The company has a 50 day moving average price of $40.64 and a 200-day moving average price of $40.76. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The firm has a market capitalization of $7.28 billion, a PE ratio of 953.23, a P/E/G ratio of 9.69 and a beta of 1.60. 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 announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Profile

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