Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 15.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,906 shares of the real estate investment trust’s stock after acquiring an additional 4,219 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Vornado Realty Trust were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VNO. Park Avenue Securities LLC lifted its stake in shares of Vornado Realty Trust by 5.8% during the 1st quarter. Park Avenue Securities LLC now owns 10,036 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 553 shares during the last quarter. First National Bank Sioux Falls lifted its stake in shares of Vornado Realty Trust by 3.3% during the 1st quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 496 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Vornado Realty Trust by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 39,300 shares of the real estate investment trust’s stock worth $1,131,000 after acquiring an additional 900 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Vornado Realty Trust by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after acquiring an additional 531 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Vornado Realty Trust by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 603,381 shares of the real estate investment trust’s stock worth $17,359,000 after acquiring an additional 15,345 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Up 0.6 %

Shares of VNO stock opened at $43.24 on Wednesday. Vornado Realty Trust has a 1-year low of $18.36 and a 1-year high of $43.61. The stock’s fifty day moving average price is $37.05 and its 200 day moving average price is $30.23. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 480.44 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.37). The firm had revenue of $450.27 million for the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, research analysts expect that Vornado Realty Trust will post 2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VNO. Scotiabank lifted their target price on Vornado Realty Trust from $23.00 to $33.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 4th. Compass Point lifted their price target on Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Evercore ISI lifted their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, Bank of America lifted their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.43.

Vornado Realty Trust Company Profile

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