Vornado Realty Trust (NYSE:VNO) Stake Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,710 shares of the real estate investment trust’s stock after acquiring an additional 12,780 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vornado Realty Trust were worth $9,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNO. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust during the 4th quarter valued at $32,000. UMB Bank n.a. lifted its holdings 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 valued at $32,000 after buying an additional 268 shares during the period. Versant Capital Management Inc boosted its stake in Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 872 shares in the last quarter. Quarry LP bought a new stake in Vornado Realty Trust in the third quarter worth about $54,000. Finally, Assetmark Inc. lifted its holdings in 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 valued at $63,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 2.5 %

NYSE:VNO opened at $36.75 on Monday. The stock has a market cap of $7.01 billion, a PE ratio of 918.80, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. 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 stock’s 50-day moving average is $40.29 and its two-hundred day moving average is $41.03.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VNO has been the topic of several recent research reports. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Compass Point raised their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial boosted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Barclays increased their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Profile

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