Zurcher Kantonalbank Zurich Cantonalbank Buys 35,810 Shares of Vornado Realty Trust (NYSE:VNO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vornado Realty Trust (NYSE:VNO) by 51.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,125 shares of the real estate investment trust’s stock after buying an additional 35,810 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vornado Realty Trust were worth $4,419,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after acquiring an additional 592,412 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after purchasing an additional 3,575,593 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC lifted its position 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. boosted its stake in Vornado Realty Trust by 5.6% during 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 buying an additional 149,017 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VNO. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Compass Point increased their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Barclays lifted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Truist Financial raised their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Trading Up 3.7 %

Shares of VNO opened at $36.71 on Friday. The stock has a fifty day moving average price of $40.76 and a two-hundred day moving average price of $40.65. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 917.63, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping 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%. Analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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