Nomura Holdings Inc. Acquires 934,271 Shares of Vornado Realty Trust (NYSE:VNO)

Nomura Holdings Inc. boosted its stake in shares of Vornado Realty Trust (NYSE:VNOFree Report) by 2,410.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 973,035 shares of the real estate investment trust’s stock after buying an additional 934,271 shares during the period. Nomura Holdings Inc. owned approximately 0.51% of Vornado Realty Trust worth $27,488,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VNO. Pinebridge Investments L.P. bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $2,320,000. Waterloo Capital L.P. bought a new stake in Vornado Realty Trust in the 4th quarter worth about $2,410,000. Rheos Capital Works Inc. raised its position in Vornado Realty Trust by 55.1% in the 4th quarter. Rheos Capital Works Inc. now owns 318,000 shares of the real estate investment trust’s stock worth $8,984,000 after buying an additional 113,000 shares during the last quarter. Gotham Asset Management LLC raised its position in Vornado Realty Trust by 16.8% in the 3rd quarter. Gotham Asset Management LLC now owns 321,993 shares of the real estate investment trust’s stock worth $7,303,000 after buying an additional 46,316 shares during the last quarter. Finally, Rush Island Management LP bought a new position in Vornado Realty Trust during the 3rd quarter valued at about $27,901,000. 90.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

VNO has been the subject of several research reports. Piper Sandler decreased their price objective on shares of Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, May 13th. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Compass Point dropped their target price on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday. Finally, BMO Capital Markets cut their price target on Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a report on Wednesday, June 12th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and an average target price of $24.27.

View Our Latest Report on Vornado Realty Trust

Vornado Realty Trust Trading Up 0.0 %

VNO traded up $0.01 on Tuesday, reaching $25.42. 84,617 shares of the company traded hands, compared to its average volume of 2,058,975. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The company has a market cap of $4.84 billion, a P/E ratio of 169.41 and a beta of 1.59. The firm has a fifty day simple moving average of $25.25 and a two-hundred day simple moving average of $26.57. Vornado Realty Trust has a one year low of $14.46 and a one year high of $32.21.

About Vornado Realty Trust

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNOFree Report).

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.