Vornado Realty Trust (NYSE:VNO) Short Interest Update

Vornado Realty Trust (NYSE:VNO) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 9,060,000 shares, a drop of 18.0% from the February 28th total of 11,050,000 shares. Approximately 5.2% of the shares of the company are short sold. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 6.7 days.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VNO. The Goldman Sachs Group raised their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Barclays lifted their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. Morgan Stanley raised their price target 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. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Trading Up 1.1 %

Shares of Vornado Realty Trust stock opened at $38.17 on Thursday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The stock has a 50 day moving average price of $40.06 and a two-hundred day moving average price of $41.07. The stock has a market capitalization of $7.28 billion, a PE ratio of 954.25, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at about $4,015,000. JPMorgan Chase & Co. grew its holdings in 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 valued at $139,045,000 after buying an additional 2,468,652 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vornado Realty Trust by 428.3% during the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after buying an additional 2,286,997 shares during the period. UMB Bank n.a. lifted its holdings in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Vornado Realty Trust during the fourth quarter valued at approximately $235,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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