Assetmark Inc. Raises Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Assetmark Inc. increased its stake in Vornado Realty Trust (NYSE:VNO) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,488 shares of the real estate investment trust’s stock after buying an additional 286 shares during the period. Assetmark Inc.’s holdings in Vornado Realty Trust were worth $63,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in shares of Vornado Realty Trust by 5.6% in the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after acquiring an additional 592,412 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after acquiring an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vornado Realty Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after acquiring an additional 39,147 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after acquiring an additional 149,017 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $36.71 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company’s 50-day moving average price is $40.64 and its 200-day moving average price is $40.71. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a market cap of $7.01 billion, a P/E ratio of 917.63, a P/E/G ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 25th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Morgan Stanley increased their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Compass Point increased their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Company Profile

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