Vornado Realty Trust (NYSE:VNO) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Vornado Realty Trust (NYSE:VNO) by 12.7% in the 4th quarter, HoldingsChannel reports. The firm owned 242,970 shares of the real estate investment trust’s stock after purchasing an additional 27,362 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vornado Realty Trust were worth $6,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rheos Capital Works Inc. raised its position in shares of Vornado Realty Trust by 55.1% in the fourth quarter. Rheos Capital Works Inc. now owns 318,000 shares of the real estate investment trust’s stock valued at $8,984,000 after buying an additional 113,000 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Vornado Realty Trust by 16.8% during the 3rd quarter. Gotham Asset Management LLC now owns 321,993 shares of the real estate investment trust’s stock worth $7,303,000 after purchasing an additional 46,316 shares during the period. Rush Island Management LP acquired a new stake in shares of Vornado Realty Trust during the third quarter worth $27,901,000. Vanguard Group Inc. grew its position in shares of Vornado Realty Trust by 0.5% in the third quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock valued at $554,726,000 after purchasing an additional 116,504 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Vornado Realty Trust in the third quarter valued at $1,158,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $25.71 on Thursday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95. Vornado Realty Trust has a one year low of $12.31 and a one year high of $32.21. The stock’s 50 day moving average price is $26.57 and its 200 day moving average price is $25.49. The firm has a market capitalization of $4.90 billion, a PE ratio of 111.78 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The firm had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VNO shares. Evercore ISI decreased their price target on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, February 15th. Barclays started coverage on shares of Vornado Realty Trust in a research report on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 target price on the stock. Truist Financial increased their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Piper Sandler boosted their price objective on shares of Vornado Realty Trust from $16.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, December 20th. Finally, The Goldman Sachs Group dropped their price objective on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, February 22nd. Six analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $24.80.

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.