Millennium Management LLC Raises Holdings in Vornado Realty Trust (NYSE:VNO)

Millennium Management LLC grew its position in Vornado Realty Trust (NYSE:VNO) by 50.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 716,153 shares of the real estate investment trust’s stock after buying an additional 239,751 shares during the quarter. Millennium Management LLC owned 0.38% of Vornado Realty Trust worth $30,107,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised 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 acquiring an additional 268 shares in the last quarter. Assetmark Inc. raised its position in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 286 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Vornado Realty Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 324 shares in the last quarter. Arizona State Retirement System raised its position in shares of Vornado Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock worth $1,976,000 after acquiring an additional 373 shares in the last quarter. Finally, Mariner LLC raised its position in shares of Vornado Realty Trust by 0.9% in the 4th quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust’s stock worth $1,903,000 after acquiring an additional 404 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 0.4%

Vornado Realty Trust stock opened at $39.63 on Monday. 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 business’s 50-day simple moving average is $36.39 and its two-hundred day simple moving average is $39.95. The company has a market cap of $7.61 billion, a PE ratio of 990.75, a PEG ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VNO. Barclays boosted their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Morgan Stanley upped their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group upped their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 25th. Finally, Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

About Vornado Realty Trust

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