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

Gotham Asset Management LLC cut its holdings in Vornado Realty Trust (NYSE:VNO) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 486,590 shares of the real estate investment trust’s stock after selling 20,835 shares during the quarter. Gotham Asset Management LLC’s holdings in Vornado Realty Trust were worth $20,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG increased its position in Vornado Realty Trust by 180.7% in the 4th quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust’s stock valued at $102,373,000 after acquiring an additional 1,567,742 shares in the last quarter. Collar Capital Management LLC acquired a new stake in shares of Vornado Realty Trust in the fourth quarter valued at approximately $3,735,000. Covenant Partners LLC bought a new position in Vornado Realty Trust in the 4th quarter worth approximately $208,000. Crestline Management LP acquired a new position in Vornado Realty Trust during the 4th quarter worth $1,575,000. Finally, Cetera Investment Advisers increased its stake in shares of Vornado Realty Trust by 3.5% in the 4th quarter. Cetera Investment Advisers now owns 15,329 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 520 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VNO. StockNews.com lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Sandler cut their target price on shares of 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. Compass Point lifted 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. The Goldman Sachs Group increased 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. Finally, Morgan Stanley lifted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $38.00.

Vornado Realty Trust Stock Performance

VNO stock opened at $38.84 on Friday. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The business’s 50-day moving average price is $36.29 and its two-hundred day moving average price is $40.10. The firm has a market cap of $7.46 billion, a PE ratio of 971.00, a P/E/G ratio of 9.69 and a beta of 1.47. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

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 the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same period in the previous year, the firm earned $0.55 EPS. Vornado Realty Trust’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Company Profile

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