Daiwa Securities Group Inc. Has $1.51 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Daiwa Securities Group Inc. trimmed its position in Vornado Realty Trust (NYSE:VNO) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,556 shares of the real estate investment trust’s stock after selling 2,352 shares during the period. Daiwa Securities Group Inc.’s holdings in Vornado Realty Trust were worth $1,513,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rheos Capital Works Inc. raised its holdings in Vornado Realty Trust by 55.1% during the 4th quarter. Rheos Capital Works Inc. now owns 318,000 shares of the real estate investment trust’s stock worth $8,984,000 after buying an additional 113,000 shares during the period. Gotham Asset Management LLC raised its holdings in 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 buying an additional 46,316 shares during the period. Rush Island Management LP acquired a new stake in Vornado Realty Trust during the 3rd quarter worth approximately $27,901,000. Vanguard Group Inc. raised its holdings in Vornado Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock worth $554,726,000 after buying an additional 116,504 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Vornado Realty Trust by 50.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 215,608 shares of the real estate investment trust’s stock worth $4,890,000 after buying an additional 72,750 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VNO has been the topic of several research analyst reports. Evercore ISI dropped their target price on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, February 15th. Morgan Stanley raised shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. The Goldman Sachs Group decreased their price target on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 22nd. Barclays started coverage on shares of Vornado Realty Trust in a research note on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price target for the company. Finally, TheStreet raised shares of Vornado Realty Trust from a “d+” rating to a “c-” rating in a research note on Thursday, December 28th. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Reduce” and an average price target of $24.80.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $27.22 on Wednesday. Vornado Realty Trust has a 1-year low of $12.31 and a 1-year high of $32.21. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82. The firm has a fifty day simple moving average of $26.55 and a 200 day simple moving average of $25.62. The stock has a market capitalization of $5.18 billion, a PE ratio of 118.35 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.55). Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The firm had revenue of $441.89 million during the quarter, compared to the consensus estimate of $453.82 million. During the same period in the prior year, the business posted $0.72 earnings per share. Vornado Realty Trust’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts expect that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

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.