Victory Capital Management Inc. Has $2.51 Million Stake in Vornado Realty Trust (NYSE:VNO)

Victory Capital Management Inc. boosted its stake in Vornado Realty Trust (NYSE:VNO) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,580 shares of the real estate investment trust’s stock after purchasing an additional 9,968 shares during the period. Victory Capital Management Inc.’s holdings in Vornado Realty Trust were worth $2,505,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Entropy Technologies LP boosted its position in Vornado Realty Trust by 92.7% during the third quarter. Entropy Technologies LP now owns 23,670 shares of the real estate investment trust’s stock valued at $933,000 after acquiring an additional 11,386 shares during the last quarter. Atria Investments Inc boosted its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Atria Investments Inc now owns 51,725 shares of the real estate investment trust’s stock worth $2,038,000 after purchasing an additional 2,752 shares in the last quarter. Assetmark Inc. boosted its position in shares of Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Vornado Realty Trust by 1.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 237,156 shares of the real estate investment trust’s stock worth $9,344,000 after purchasing an additional 2,659 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VNO. 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 research note on Thursday, August 22nd. Evercore ISI lifted their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Compass Point lifted their target price on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. 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 stock. According to data from MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Stock Up 2.4 %

Shares of NYSE:VNO opened at $42.42 on Friday. Vornado Realty Trust has a 52-week low of $21.16 and a 52-week high of $46.63. The firm has a fifty day moving average of $41.07 and a 200 day moving average of $32.69. The firm has a market capitalization of $8.09 billion, a PE ratio of -146.28 and a beta of 1.64. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). The business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, research analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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