Laird Norton Wetherby Wealth Management LLC Has $571,000 Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Laird Norton Wetherby Wealth Management LLC reduced its holdings in Vornado Realty Trust (NYSE:VNO) by 16.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,574 shares of the real estate investment trust’s stock after selling 2,688 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Vornado Realty Trust were worth $571,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VNO. Norges Bank bought a new position in shares of Vornado Realty Trust during the fourth quarter valued at $729,073,000. Principal Financial Group Inc. raised its stake 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 buying an additional 3,575,593 shares during the last quarter. Invesco Ltd. raised its stake in Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock worth $131,833,000 after buying an additional 1,651,819 shares during the last quarter. Deutsche Bank AG raised its stake in Vornado Realty Trust by 180.7% during the fourth quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust’s stock worth $102,373,000 after buying an additional 1,567,742 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Vornado Realty Trust by 98.3% during the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust’s stock worth $115,237,000 after buying an additional 1,358,498 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $39.41 on Friday. The company’s 50 day moving average is $36.33 and its 200-day moving average is $40.00. The firm has a market cap of $7.56 billion, a P/E ratio of 985.25, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. 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 earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Vornado Realty Trust’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. Sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Wall Street Analyst Weigh In

VNO has been the subject of a number of analyst reports. Piper Sandler lowered their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Barclays raised their price target 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. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday. Compass Point raised their price target 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. Finally, The Goldman Sachs Group raised 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.00.

Vornado Realty Trust Profile

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