M&T Bank Corp Boosts Stake in Vornado Realty Trust (NYSE:VNO)

M&T Bank Corp lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 6.4% during the fourth quarter, Holdings Channel reports. The fund owned 45,518 shares of the real estate investment trust’s stock after purchasing an additional 2,748 shares during the quarter. M&T Bank Corp’s holdings in Vornado Realty Trust were worth $1,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quantbot Technologies LP increased its holdings in Vornado Realty Trust by 112.0% during the 3rd quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock worth $5,132,000 after purchasing an additional 68,813 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth approximately $4,015,000. JPMorgan Chase & Co. increased 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 worth $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Principal Financial Group Inc. raised its holdings in 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 valued at $111,146,000 after acquiring an additional 2,286,997 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in 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 valued at $32,000 after acquiring an additional 268 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Up 4.1 %

Shares of NYSE VNO opened at $39.77 on Monday. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 994.23, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The stock’s 50 day simple moving average is $41.17 and its 200 day simple moving average is $40.62. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on VNO. Truist Financial raised their price objective 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. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, Compass Point boosted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. 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 company. Based on data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and an average price target of $38.55.

About Vornado Realty Trust

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