CANADA LIFE ASSURANCE Co Boosts Stock Position in Vornado Realty Trust (NYSE:VNO)

CANADA LIFE ASSURANCE Co lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 334,913 shares of the real estate investment trust’s stock after acquiring an additional 14,309 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Vornado Realty Trust were worth $14,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Vornado Realty Trust in the fourth quarter worth approximately $729,073,000. Franklin Resources Inc. boosted its holdings in Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust’s stock worth $500,263,000 after buying an additional 792,100 shares during the period. Principal Financial Group Inc. increased its stake in Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after buying an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 during the period. Finally, Invesco Ltd. raised its holdings in Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock valued at $131,833,000 after acquiring an additional 1,651,819 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNO has been the subject of several research analyst reports. Barclays increased their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Mizuho raised shares of 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. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Compass Point upped their target price 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. Finally, Piper Sandler reduced their price target on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.00.

Vornado Realty Trust Price Performance

VNO stock opened at $34.45 on Monday. The company has a fifty day simple moving average of $37.61 and a two-hundred day simple moving average of $40.56. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $6.61 billion, a P/E ratio of 861.23, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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