Vornado Realty Trust (NYSE:VNO) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,284,352 shares of the real estate investment trust’s stock after selling 439,900 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.67% of Vornado Realty Trust worth $53,994,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Natixis Advisors LLC lifted its position in Vornado Realty Trust by 6.7% in the third quarter. Natixis Advisors LLC now owns 18,682 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 1,180 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Vornado Realty Trust by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after acquiring an additional 272 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Vornado Realty Trust by 61.5% during the 3rd quarter. Cerity Partners LLC now owns 17,093 shares of the real estate investment trust’s stock worth $673,000 after purchasing an additional 6,509 shares during the period. Daiwa Securities Group Inc. increased its holdings in Vornado Realty Trust by 10.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 59,792 shares of the real estate investment trust’s stock valued at $2,356,000 after purchasing an additional 5,819 shares during the last quarter. Finally, FMR LLC raised its position in Vornado Realty Trust by 7.3% in the third quarter. FMR LLC now owns 37,506 shares of the real estate investment trust’s stock valued at $1,478,000 after purchasing an additional 2,536 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

VNO has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. The Goldman Sachs Group increased their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 25th. Truist Financial lifted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Finally, Barclays raised their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Stock Down 2.6 %

VNO opened at $37.70 on Friday. The business has a 50-day moving average of $40.38 and a two-hundred day moving average of $40.95. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 942.43, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Company Profile

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