Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in Vornado Realty Trust (NYSE:VNO)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,968 shares of the real estate investment trust’s stock after selling 535 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vornado Realty Trust were worth $1,977,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Greenleaf Trust lifted its holdings in Vornado Realty Trust by 2.8% during the third quarter. Greenleaf Trust now owns 19,064 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 516 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Vornado Realty Trust by 49.8% during the third quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 556 shares in the last quarter. Arizona State Retirement System lifted its holdings in Vornado Realty Trust by 1.4% during the third quarter. Arizona State Retirement System now owns 46,439 shares of the real estate investment trust’s stock valued at $1,053,000 after purchasing an additional 628 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in Vornado Realty Trust by 1.9% during the third quarter. Wealthspire Advisors LLC now owns 33,928 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 638 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Vornado Realty Trust by 3.3% during the third quarter. Signaturefd LLC now owns 20,363 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 646 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Up 2.4 %

VNO stock opened at $27.22 on Wednesday. The company has a market capitalization of $5.18 billion, a PE ratio of 118.35 and a beta of 1.57. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $32.21. The firm’s 50-day moving average is $26.55 and its 200 day moving average is $25.62. The company has a debt-to-equity ratio of 1.82, a current ratio of 4.95 and a quick ratio of 4.95.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $441.89 million during the quarter, compared to analysts’ expectations of $453.82 million. Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. On average, research analysts anticipate that Vornado Realty Trust will post 2.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VNO. The Goldman Sachs Group lowered their target price on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, February 22nd. Barclays began coverage on shares of Vornado Realty Trust in a report on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 target price on the stock. TheStreet raised shares of Vornado Realty Trust from a “d+” rating to a “c-” rating in a report on Thursday, December 28th. Evercore ISI lowered their target price on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, February 15th. Finally, Morgan Stanley raised shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $24.00 to $26.00 in a report on Thursday, March 28th. Six investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Reduce” and a consensus target price of $24.80.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.