Gotham Asset Management LLC Has $20.46 Million Position in Vornado Realty Trust (NYSE:VNO)

Gotham Asset Management LLC lessened its stake in shares of Vornado Realty Trust (NYSE:VNO) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 486,590 shares of the real estate investment trust’s stock after selling 20,835 shares during the period. Gotham Asset Management LLC owned 0.26% of Vornado Realty Trust worth $20,456,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in Vornado Realty Trust in the 4th quarter worth $4,015,000. Principal Financial Group Inc. grew its position in shares of Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Vornado Realty Trust by 53.2% in 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. Oppenheimer & Co. Inc. acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth about $235,000. Finally, Assetmark Inc. boosted its stake in Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 286 shares during the period. Institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

VNO has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. Barclays upped their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. The Goldman Sachs Group boosted their price objective 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. Piper Sandler decreased their target price on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, Compass Point boosted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $38.84 on Friday. The business has a 50 day simple moving average of $36.29 and a 200 day simple moving average of $40.10. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The company has a market capitalization of $7.46 billion, a PE ratio of 971.00, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million during the quarter, compared to analysts’ expectations of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Profile

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