Wolverine Asset Management LLC decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 52.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,351 shares of the real estate investment trust’s stock after selling 8,247 shares during the period. Wolverine Asset Management LLC’s holdings in Vornado Realty Trust were worth $574,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Global Endowment Management LP raised its holdings in shares of Vornado Realty Trust by 248.6% in the fourth quarter. Global Endowment Management LP now owns 12,900 shares of the real estate investment trust’s stock worth $1,008,000 after buying an additional 9,200 shares during the period. Amica Pension Fund Board of Trustees bought a new position in Vornado Realty Trust in the third quarter worth approximately $2,739,000. Ffcm LLC bought a new stake in Vornado Realty Trust during the 3rd quarter valued at $1,044,000. Neuberger Berman Group LLC boosted its position in Vornado Realty Trust by 13.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 537,094 shares of the real estate investment trust’s stock valued at $41,292,000 after acquiring an additional 62,429 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Vornado Realty Trust during the 4th quarter valued at $3,625,000. 88.82% of the stock is owned by institutional investors.
NYSE VNO opened at $66.74 on Friday. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $82.68. The firm has a market capitalization of $12,810.61, a price-to-earnings ratio of 17.89, a P/E/G ratio of 4.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.
Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.43 earnings per share. sell-side analysts anticipate that Vornado Realty Trust will post 3.84 EPS for the current fiscal year.
A number of analysts have recently weighed in on VNO shares. TheStreet raised Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Sandler O’Neill set a $76.00 price objective on Vornado Realty Trust and gave the company a “buy” rating in a research note on Thursday, March 15th. Argus cut their price target on Vornado Realty Trust from $83.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, March 14th. Finally, Morgan Stanley lowered their price objective on Vornado Realty Trust from $83.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, March 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $86.15.
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About Vornado Realty Trust
Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. Vornado's portfolio is concentrated in the nation's key market ? New York City ? along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.
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