Franklin Resources Inc. Boosts Stock Position in Vornado Realty Trust (NYSE:VNO)

Franklin Resources Inc. increased its holdings in Vornado Realty Trust (NYSE:VNO) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,899,686 shares of the real estate investment trust’s stock after purchasing an additional 792,100 shares during the quarter. Franklin Resources Inc. owned approximately 0.06% of Vornado Realty Trust worth $500,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC increased its stake in shares of Vornado Realty Trust by 61.5% during the third quarter. Cerity Partners LLC now owns 17,093 shares of the real estate investment trust’s stock valued at $673,000 after buying an additional 6,509 shares during the period. FMR LLC boosted its holdings in Vornado Realty Trust by 7.3% in the third quarter. FMR LLC now owns 37,506 shares of the real estate investment trust’s stock valued at $1,478,000 after acquiring an additional 2,536 shares in the last quarter. BNP Paribas Financial Markets increased its position in Vornado Realty Trust by 79.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 117,701 shares of the real estate investment trust’s stock valued at $4,637,000 after purchasing an additional 52,082 shares during the period. MetLife Investment Management LLC raised its holdings in Vornado Realty Trust by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 90,848 shares of the real estate investment trust’s stock worth $3,579,000 after purchasing an additional 1,434 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VNO shares. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Morgan Stanley increased their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. The Goldman Sachs Group lifted their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 25th. Barclays increased their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Finally, Compass Point boosted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $37.07 on Tuesday. The business has a fifty day moving average price of $40.21 and a 200-day moving average price of $41.08. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The company has a market capitalization of $7.08 billion, a PE ratio of 926.85, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63.

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

Vornado Realty Trust Company Profile

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