Corebridge Financial Inc. Sells 8,297 Shares of Vornado Realty Trust (NYSE:VNO)

Corebridge Financial Inc. reduced its stake in Vornado Realty Trust (NYSE:VNO) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,746 shares of the real estate investment trust’s stock after selling 8,297 shares during the period. Corebridge Financial Inc.’s holdings in Vornado Realty Trust were worth $7,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in Vornado Realty Trust by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after acquiring an additional 592,412 shares during the period. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after acquiring an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the last quarter. Geode Capital Management LLC lifted its stake in Vornado Realty Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock valued at $122,417,000 after acquiring an additional 39,147 shares during the period. Finally, Bamco Inc. NY bought a new position in Vornado Realty Trust during the third quarter valued at approximately $75,347,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley increased their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Truist Financial increased their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective 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 boosted their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Stock Performance

VNO stock opened at $37.70 on Friday. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The business’s fifty day simple moving average is $40.38 and its two-hundred day simple moving average is $40.95. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 942.43, a PEG 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 issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Analysts predict 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.