Vornado Realty Trust (NYSE:VNO) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in Vornado Realty Trust (NYSE:VNO) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,055 shares of the real estate investment trust’s stock after purchasing an additional 1,647 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vornado Realty Trust were worth $2,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. raised its holdings in shares of Vornado Realty Trust by 6.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock worth $9,321,000 after acquiring an additional 12,780 shares during the period. New Age Alpha Advisors LLC purchased a new position in Vornado Realty Trust during the fourth quarter worth about $4,111,000. Norges Bank acquired a new position in Vornado Realty Trust in the 4th quarter valued at about $729,073,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Vornado Realty Trust by 4.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 109,796 shares of the real estate investment trust’s stock valued at $4,659,000 after buying an additional 4,358 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Vornado Realty Trust by 35.6% during the 4th quarter. Prudential Financial Inc. now owns 121,650 shares of the real estate investment trust’s stock worth $5,114,000 after buying an additional 31,947 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $32.96 on Friday. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The firm has a 50 day moving average of $39.71 and a two-hundred day moving average of $40.99. 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 stock has a market capitalization of $6.29 billion, a PE ratio of 823.98, a P/E/G ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last released its 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%. On average, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays increased their price objective 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. Compass Point increased their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. The Goldman Sachs Group increased their target price 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. Finally, StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Company Profile

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