Nixon Capital LLC Has $11.66 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Nixon Capital LLC lifted its stake in Vornado Realty Trust (NYSE:VNO) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,747 shares of the real estate investment trust’s stock after acquiring an additional 68,725 shares during the period. Vornado Realty Trust makes up about 5.2% of Nixon Capital LLC’s holdings, making the stock its 8th largest holding. Nixon Capital LLC’s holdings in Vornado Realty Trust were worth $11,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in VNO. Contravisory Investment Management Inc. bought a new stake in Vornado Realty Trust during the fourth quarter valued at $26,000. Financial Gravity Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 8,355.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,504 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Vornado Realty Trust in the fourth quarter worth about $40,000. Bruce G. Allen Investments LLC purchased a new position in Vornado Realty Trust during the 4th quarter valued at about $50,000. Finally, Principal Securities Inc. purchased a new position in Vornado Realty Trust during the 4th quarter valued at about $58,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of VNO traded down $0.20 during mid-day trading on Friday, hitting $24.22. 1,988,088 shares of the company were exchanged, compared to its average volume of 1,417,748. Vornado Realty Trust has a 1-year low of $14.46 and a 1-year high of $32.21. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.97 and a current ratio of 4.97. The company has a 50 day moving average of $25.61 and a 200-day moving average of $26.45. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 161.48 and a beta of 1.59.

Analyst Upgrades and Downgrades

VNO has been the topic of several research reports. Evercore ISI cut their price objective on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, February 15th. Compass Point lowered their price objective on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. The Goldman Sachs Group decreased their target price on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 22nd. Piper Sandler decreased their target price on shares of Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, May 13th. Finally, Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $24.45.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.