Vornado Realty Trust (NYSE:VNO) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in Vornado Realty Trust (NYSE:VNO) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,232 shares of the real estate investment trust’s stock after buying an additional 4,436 shares during the period. Cibc World Markets Corp’s holdings in Vornado Realty Trust were worth $2,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VNO. Quantbot Technologies LP lifted its stake in shares of Vornado Realty Trust by 112.0% in the 3rd quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock valued at $5,132,000 after purchasing an additional 68,813 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at about $4,015,000. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 2,468,652 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Vornado Realty Trust by 53.2% in the 4th 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 in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $38.26 on Friday. The business’s 50 day moving average is $40.48 and its two-hundred day moving average is $40.81. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 956.40, a PEG ratio of 9.69 and a beta of 1.60. 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 posted its quarterly earnings results 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%. Analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VNO. The Goldman Sachs Group lifted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Truist Financial upped their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays upped their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Mizuho upgraded 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. Finally, Compass Point upped their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Profile

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