Quantbot Technologies LP Acquires 68,813 Shares of Vornado Realty Trust (NYSE:VNO)

Quantbot Technologies LP lifted its stake in Vornado Realty Trust (NYSE:VNO) by 112.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,258 shares of the real estate investment trust’s stock after purchasing an additional 68,813 shares during the period. Quantbot Technologies LP owned 0.07% of Vornado Realty Trust worth $5,132,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VNO. Principal Financial Group Inc. boosted its position in shares of Vornado Realty Trust by 428.3% in the third 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 during the period. Bank of Montreal Can increased its stake in Vornado Realty Trust by 2,229.1% in the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after buying an additional 818,838 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Vornado Realty Trust by 45.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock valued at $51,875,000 after acquiring an additional 612,765 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Vornado Realty Trust by 324.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock valued at $20,292,000 after acquiring an additional 590,176 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Vornado Realty Trust by 91.3% in the second quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock valued at $22,418,000 after acquiring an additional 406,965 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VNO has been the subject of several research analyst reports. Barclays increased their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research note on Thursday, September 12th. Bank of America increased their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average price target of $34.07.

Vornado Realty Trust Stock Up 2.1 %

VNO stock opened at $43.99 on Wednesday. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12 month low of $21.16 and a 12 month high of $46.63. The company has a 50-day moving average price of $41.18 and a 200 day moving average price of $32.95.

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

About Vornado Realty Trust

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