Vornado Realty Trust (NYSE:VNO) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Vornado Realty Trust (NYSE:VNO) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,968 shares of the real estate investment trust’s stock after selling 535 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vornado Realty Trust were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VNO. Kemnay Advisory Services Inc. acquired a new position in shares of Vornado Realty Trust during the 3rd quarter valued at about $132,326,000. Deutsche Bank AG boosted its position in shares of Vornado Realty Trust by 141.9% during the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock valued at $96,128,000 after acquiring an additional 2,486,439 shares during the last quarter. Rush Island Management LP acquired a new position in shares of Vornado Realty Trust during the 3rd quarter valued at about $27,901,000. Charles Schwab Investment Management Inc. boosted its position in shares of Vornado Realty Trust by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,176 shares of the real estate investment trust’s stock valued at $57,747,000 after acquiring an additional 527,229 shares during the last quarter. Finally, Tudor Investment Corp Et Al raised its holdings in Vornado Realty Trust by 1,382.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 450,749 shares of the real estate investment trust’s stock valued at $10,223,000 after buying an additional 420,340 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on VNO shares. The Goldman Sachs Group cut their price target on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, February 22nd. Barclays assumed coverage on shares of Vornado Realty Trust in a research note on Wednesday, March 27th. They set an “underweight” rating and a $22.00 target price on the stock. 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 upped their price target for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Finally, Evercore ISI lowered their price target on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, February 15th. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Vornado Realty Trust presently has an average rating of “Reduce” and a consensus price target of $24.80.

Vornado Realty Trust Price Performance

VNO stock opened at $27.22 on Wednesday. The company has a market capitalization of $5.18 billion, a P/E ratio of 118.35 and a beta of 1.57. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21. The business has a 50 day simple moving average of $26.55 and a 200-day simple moving average of $25.62. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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). The firm had revenue of $441.89 million during the quarter, compared to analyst estimates of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. Vornado Realty Trust’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.3 EPS for the current year.

Vornado Realty Trust Company 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.