Vornado Realty Trust $VNO Shares Acquired by Franklin Resources Inc.

by · The Cerbat Gem

Franklin Resources Inc. increased its holdings in Vornado Realty Trust (NYSE:VNO – Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,309,059 shares of the real estate investment trust’s stock after acquiring an additional 274,313 shares during the quarter. Franklin Resources Inc. owned approximately 0.06% of Vornado Realty Trust worth $498,886,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. lifted its holdings in Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 443 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Vornado Realty Trust in the 3rd quarter worth approximately $39,000. Spire Wealth Management boosted its position in Vornado Realty Trust by 19.6% during the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 275 shares during the period. Hantz Financial Services Inc. boosted its position in Vornado Realty Trust by 238.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,443 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Vornado Realty Trust during the 2nd quarter worth $111,000. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

VNO stock opened at $26.40 on Thursday. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 1.41 and a beta of 1.53. Vornado Realty Trust has a 12 month low of $25.71 and a 12 month high of $43.37. The firm has a 50 day moving average of $30.83 and a two-hundred day moving average of $35.22.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The business had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. During the same quarter in the prior year, the business posted $0.61 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Ratings Changes

VNO has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Barclays cut their target price on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Scotiabank reduced their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Mizuho decreased 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 equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average price target of $37.00.

Read Our Latest Analysis on Vornado Realty Trust

Vornado Realty Trust Company Profile

(Free Report)

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.

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