Sumitomo Mitsui Trust Holdings Inc. Acquires 12,865 Shares of Vornado Realty Trust (NYSE:VNO)

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 7.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 188,337 shares of the real estate investment trust’s stock after purchasing an additional 12,865 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Vornado Realty Trust were worth $5,321,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Louisiana State Employees Retirement System acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $1,268,000. Turtle Creek Wealth Advisors LLC acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $40,000. Allspring Global Investments Holdings LLC boosted its position in Vornado Realty Trust by 12.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 242,970 shares of the real estate investment trust’s stock worth $6,864,000 after acquiring an additional 27,362 shares during the last quarter. Meeder Advisory Services Inc. acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $226,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Vornado Realty Trust by 1.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 126,134 shares of the real estate investment trust’s stock worth $3,693,000 after acquiring an additional 1,572 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reduced their price target on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, February 22nd. Evercore ISI reduced their price target on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, February 15th. TheStreet raised Vornado Realty Trust from a “d+” rating to a “c-” rating in a report on Thursday, December 28th. Morgan Stanley raised Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Finally, Barclays initiated coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 price objective for the company. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $24.80.

Vornado Realty Trust Trading Up 2.4 %

Shares of Vornado Realty Trust stock opened at $27.22 on Wednesday. The business has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $25.62. Vornado Realty Trust has a 1 year low of $12.31 and a 1 year high of $32.21. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 118.35 and a beta of 1.57. The company has a debt-to-equity ratio of 1.82, a current ratio of 4.95 and a quick ratio of 4.95.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 business had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Research analysts forecast that Vornado Realty Trust will post 2.3 EPS for the current year.

Vornado Realty Trust Profile

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.