Commonwealth Equity Services LLC Decreases Stake in Vornado Realty Trust (NYSE:VNO)

Commonwealth Equity Services LLC reduced its position in Vornado Realty Trust (NYSE:VNO) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 304,605 shares of the real estate investment trust’s stock after selling 34,593 shares during the period. Commonwealth Equity Services LLC owned approximately 0.16% of Vornado Realty Trust worth $12,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNO. Principal Financial Group Inc. boosted its position in Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after buying an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Bamco Inc. NY purchased a new position in Vornado Realty Trust in the 3rd quarter valued at about $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after buying an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC boosted its position in Vornado Realty Trust by 2,021.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after buying an additional 947,562 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNO has been the topic of a number of recent analyst reports. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Barclays upped their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. The Goldman Sachs Group upped their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Price Performance

VNO opened at $37.73 on Wednesday. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 943.15, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The company’s 50-day moving average price is $40.53 and its 200 day moving average price is $40.81. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

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

Vornado Realty Trust Company Profile

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