Vornado Realty Trust (NYSE:VNO) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,943 shares of the real estate investment trust’s stock after purchasing an additional 1,558 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Vornado Realty Trust were worth $733,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Vornado Realty Trust by 0.5% during the third quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock worth $554,726,000 after purchasing an additional 116,504 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Vornado Realty Trust in the third quarter valued at $132,326,000. Deutsche Bank AG raised its holdings in Vornado Realty Trust by 141.9% in the third 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 in the last quarter. Earnest Partners LLC raised its holdings in Vornado Realty Trust by 3.5% in the third quarter. Earnest Partners LLC now owns 2,603,909 shares of the real estate investment trust’s stock valued at $59,057,000 after acquiring an additional 89,067 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vornado Realty Trust by 26.1% in the third 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 in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently 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 report on Thursday, February 22nd. Morgan Stanley raised shares of 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. Evercore ISI lowered their target price on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, February 15th. TheStreet upgraded shares of Vornado Realty Trust from a “d+” rating to a “c-” rating in a research note on Thursday, December 28th. Finally, 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 target price for the company. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $24.80.

Vornado Realty Trust Stock Down 1.4 %

Vornado Realty Trust stock opened at $26.41 on Friday. The company has a 50-day simple moving average of $26.64 and a 200-day simple moving average of $25.67. The firm has a market capitalization of $5.03 billion, a P/E ratio of 114.83 and a beta of 1.57. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95. Vornado Realty Trust has a one year low of $12.31 and a one year high of $32.21.

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