Allstate Corp Acquires 8,540 Shares of Vornado Realty Trust (NYSE:VNO)

Allstate Corp lifted its holdings in Vornado Realty Trust (NYSE:VNO) by 68.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,952 shares of the real estate investment trust’s stock after acquiring an additional 8,540 shares during the period. Allstate Corp’s holdings in Vornado Realty Trust were worth $881,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of VNO. ORG Wealth Partners LLC acquired a new stake in shares of Vornado Realty Trust in the fourth quarter valued at approximately $32,000. UMB Bank n.a. increased its stake in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 268 shares during the period. Versant Capital Management Inc increased its stake in Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 872 shares during the period. Quarry LP acquired a new position in Vornado Realty Trust in the 3rd quarter valued at $54,000. Finally, Assetmark Inc. lifted its position in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 286 shares during the period. 90.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VNO has been the topic of a number of recent analyst reports. Barclays raised their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Morgan Stanley boosted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Truist Financial lifted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Trading Up 0.8 %

Shares of VNO stock opened at $37.07 on Tuesday. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The stock’s fifty day simple moving average is $40.21 and its 200 day simple moving average is $41.08. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $7.08 billion, a P/E ratio of 926.85, a P/E/G ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.