Cbre Investment Management Listed Real Assets LLC Has $51.40 Million Holdings in Vornado Realty Trust $VNO

Cbre Investment Management Listed Real Assets LLC decreased its position in shares of Vornado Realty Trust (NYSE:VNO) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,544,423 shares of the real estate investment trust’s stock after selling 105,640 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Vornado Realty Trust were worth $51,398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VNO. Norges Bank bought a new position in shares of Vornado Realty Trust in the fourth quarter worth about $579,709,000. Franklin Resources Inc. lifted its holdings in shares of Vornado Realty Trust by 2.3% in the third quarter. Franklin Resources Inc. now owns 12,309,059 shares of the real estate investment trust’s stock worth $498,886,000 after acquiring an additional 274,313 shares during the last quarter. State Street Corp lifted its holdings in shares of Vornado Realty Trust by 0.5% in the second quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after acquiring an additional 39,767 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vornado Realty Trust by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 6,044,708 shares of the real estate investment trust’s stock worth $201,168,000 after acquiring an additional 243,905 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Vornado Realty Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 3,354,542 shares of the real estate investment trust’s stock worth $111,658,000 after acquiring an additional 77,754 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

VNO has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings cut shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Truist Financial dropped their target price on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. Finally, Mizuho dropped their target price on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.55.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $33.39 on Tuesday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 1.71 and a beta of 1.56. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average of $29.16 and a 200-day moving average of $31.00.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The company had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.72 million. During the same period last year, the business earned $0.63 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that Vornado Realty Trust will post 2.33 earnings per share for the current year.

Vornado Realty Trust declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 29th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Vornado Realty Trust Profile

Vornado Realty Trust is a self?administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long?term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street?level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.