Hollencrest Capital Management Sells 10,000 Shares of Vornado Realty Trust (NYSE:VNO)

Hollencrest Capital Management lessened its position in shares of Vornado Realty Trust (NYSE:VNO) by 50.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,000 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Hollencrest Capital Management’s holdings in Vornado Realty Trust were worth $420,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Franklin Resources Inc. grew its holdings in 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 worth $444,859,000 after purchasing an additional 592,412 shares during the period. Principal Financial Group Inc. grew 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 during the period. JPMorgan Chase & Co. grew its holdings in Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the period. Geode Capital Management LLC grew its holdings in Vornado Realty Trust by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after purchasing an additional 39,147 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Vornado Realty Trust by 5.6% in the third 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 purchasing an additional 149,017 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial raised their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Stock Up 2.7 %

VNO opened at $37.39 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The company’s 50-day moving average is $41.00 and its 200 day moving average is $40.71. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The firm has a market capitalization of $7.14 billion, a P/E ratio of 934.78, a PEG ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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%. Research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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