Huntington National Bank Lowers Stock Position in Vornado Realty Trust (NYSE:VNO)

Huntington National Bank reduced its position in Vornado Realty Trust (NYSE:VNO) by 52.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,266 shares of the real estate investment trust’s stock after selling 1,423 shares during the quarter. Huntington National Bank’s holdings in Vornado Realty Trust were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNO. UMB Bank n.a. lifted its position in 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 in the last quarter. Assetmark Inc. raised its stake in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 286 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Vornado Realty Trust by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 324 shares in the last quarter. GAMMA Investing LLC boosted its position in Vornado Realty Trust by 8.1% during the 4th quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 356 shares during the period. Finally, Arizona State Retirement System increased its holdings in Vornado Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock valued at $1,976,000 after purchasing an additional 373 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VNO shares. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Morgan Stanley boosted their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. The Goldman Sachs Group lifted their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Barclays boosted their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Two investment 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 a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Price Performance

VNO opened at $32.59 on Tuesday. 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 company’s 50-day moving average price is $39.51 and its 200 day moving average price is $40.99. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 814.83, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Profile

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