Mitsubishi UFJ Asset Management Co. Ltd. Buys 4,358 Shares of Vornado Realty Trust (NYSE:VNO)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Vornado Realty Trust (NYSE:VNO) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 109,796 shares of the real estate investment trust’s stock after acquiring an additional 4,358 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Vornado Realty Trust were worth $4,659,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VNO. FNY Investment Advisers LLC purchased a new position in shares of Vornado Realty Trust in the 4th quarter valued at $4,015,000. JPMorgan Chase & Co. grew its stake in Vornado Realty Trust by 232.8% in 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 purchasing an additional 2,468,652 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 428.3% in the third 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. lifted its position in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at about $235,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 2.0 %

VNO stock opened at $37.75 on Wednesday. The company has a market capitalization of $7.20 billion, a P/E ratio of 943.70, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The firm’s fifty day simple moving average is $40.21 and its 200-day simple moving average is $41.08. 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 announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share 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%. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group boosted 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. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Truist Financial upped their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Barclays upped their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Profile

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