Waterfront Capital Partners LLC Acquires 248,606 Shares of Vornado Realty Trust (NYSE:VNO)

Waterfront Capital Partners LLC lifted its holdings in Vornado Realty Trust (NYSE:VNO) by 78.4% in the fourth quarter, Holdings Channel reports. The firm owned 565,776 shares of the real estate investment trust’s stock after buying an additional 248,606 shares during the period. Vornado Realty Trust comprises about 4.4% of Waterfront Capital Partners LLC’s portfolio, making the stock its 9th largest position. Waterfront Capital Partners LLC’s holdings in Vornado Realty Trust were worth $23,785,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VNO. FNY Investment Advisers LLC purchased a new stake in Vornado Realty Trust in the fourth quarter valued at about $4,015,000. JPMorgan Chase & Co. increased its holdings in shares of Vornado Realty Trust by 232.8% during 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 acquiring an additional 2,468,652 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. UMB Bank n.a. grew its position in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Vornado Realty Trust during the 4th quarter valued at approximately $235,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted 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. Piper Sandler dropped their price target on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Compass Point lifted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.00.

Vornado Realty Trust Stock Performance

VNO opened at $35.50 on Friday. The firm has a fifty day moving average price of $36.98 and a 200 day moving average price of $40.41. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The stock has a market cap of $6.81 billion, a P/E ratio of 887.50, a P/E/G ratio of 9.69 and a beta of 1.49. 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 (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 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 anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Profile

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