Bank of Montreal Can purchased a new stake in Vornado Realty Trust (NYSE:VNO – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,811 shares of the real estate investment trust’s stock, valued at approximately $632,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VNO. Norges Bank purchased a new stake in Vornado Realty Trust in the fourth quarter valued at $376,294,000. BlackRock Inc. lifted its position in Vornado Realty Trust by 30.0% in the first quarter. BlackRock Inc. now owns 20,448,221 shares of the real estate investment trust’s stock valued at $314,289,000 after acquiring an additional 4,723,170 shares during the last quarter. State Street Corp lifted its position in Vornado Realty Trust by 10.8% in the first quarter. State Street Corp now owns 13,527,974 shares of the real estate investment trust’s stock valued at $613,088,000 after acquiring an additional 1,319,443 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Vornado Realty Trust in the first quarter valued at about $17,554,000. Finally, Franklin Resources Inc. raised its holdings in shares of Vornado Realty Trust by 53.2% in the first quarter. Franklin Resources Inc. now owns 3,102,930 shares of the real estate investment trust’s stock valued at $47,692,000 after buying an additional 1,077,106 shares during the last quarter. 75.86% of the stock is owned by hedge funds and other institutional investors.
Vornado Realty Trust Trading Up 1.2 %
Shares of VNO opened at $23.33 on Thursday. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 1.69. The firm’s 50-day moving average is $22.11 and its two-hundred day moving average is $19.45. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $26.76. The firm has a market capitalization of $4.44 billion, a P/E ratio of -11.55 and a beta of 1.50.
Wall Street Analyst Weigh In
About Vornado Realty Trust
Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.
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