Northern Trust Corp Purchases 1,358,498 Shares of Vornado Realty Trust (NYSE:VNO)

Northern Trust Corp increased its position in shares of Vornado Realty Trust (NYSE:VNO) by 98.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,741,129 shares of the real estate investment trust’s stock after buying an additional 1,358,498 shares during the period. Northern Trust Corp owned 1.44% of Vornado Realty Trust worth $115,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Vornado Realty Trust in the 3rd quarter worth about $176,000. Tidal Investments LLC acquired a new stake in Vornado Realty Trust during the third quarter worth approximately $258,000. Franklin Resources Inc. increased its holdings in Vornado Realty Trust by 5.6% in the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after purchasing an additional 592,412 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Vornado Realty Trust by 1.9% in the third quarter. Retirement Systems of Alabama now owns 201,310 shares of the real estate investment trust’s stock valued at $7,932,000 after buying an additional 3,824 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $37.27 on Friday. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market cap of $7.15 billion, a PE ratio of 931.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. The stock’s fifty day simple moving average is $36.51 and its two-hundred day simple moving average is $40.24.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping 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, analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VNO. Piper Sandler lowered their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group upped their price objective on shares of 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 target price 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. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Barclays increased their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Vornado Realty Trust Profile

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