Vornado Realty Trust (NYSE:VNO) Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 87,616 shares of the real estate investment trust’s stock after selling 1,947 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Vornado Realty Trust were worth $3,683,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. UMB Bank n.a. lifted its holdings in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Vornado Realty Trust by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after acquiring an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vornado Realty Trust by 0.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after acquiring an additional 299 shares in the last quarter. US Bancorp DE lifted its stake in Vornado Realty Trust by 1.8% in the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 311 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Vornado Realty Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 324 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VNO shares. Truist Financial increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, Evercore ISI upped their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO opened at $40.29 on Thursday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 1,007.13, a P/E/G ratio of 9.69 and a beta of 1.62. The business’s 50-day simple moving average is $41.35 and its 200-day simple moving average is $40.55. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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