Hollencrest Capital Management lessened its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the real estate investment trust's stock after selling 10,000 shares during the period. Hollencrest Capital Management's holdings in Vornado Realty Trust were worth $420,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. boosted its position in shares of Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Vornado Realty Trust by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust's stock worth $1,534,000 after acquiring an additional 272 shares in the last quarter. Assetmark Inc. boosted its position in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 286 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vornado Realty Trust by 0.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust's stock worth $2,731,000 after acquiring an additional 299 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Vornado Realty Trust by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock worth $250,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.
Several equities analysts recently commented on the stock. 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 research note on Wednesday, December 4th. StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Compass Point increased their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, 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 research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $38.55.
Check Out Our Latest Analysis on VNO
VNO stock opened at $37.39 on Thursday. The company has a fifty day moving average price of $41.00 and a 200-day moving average price of $40.71. The company has a market capitalization of $7.14 billion, a P/E ratio of 934.78, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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