Freedom Investment Management Inc. Trims Stake in Vornado Realty Trust (NYSE:VNO)

Freedom Investment Management Inc. cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 75.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,524 shares of the real estate investment trust’s stock after selling 17,184 shares during the quarter. Freedom Investment Management Inc.’s holdings in Vornado Realty Trust were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in VNO. FNY Investment Advisers LLC bought a new position in Vornado Realty Trust in the fourth quarter valued at $4,015,000. JPMorgan Chase & Co. raised its holdings in shares of Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares in the last quarter. Principal Financial Group Inc. lifted its position in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares during the last quarter. UMB Bank n.a. boosted its stake in Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Vornado Realty Trust during the fourth quarter valued at approximately $235,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

VNO opened at $33.79 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a market capitalization of $6.49 billion, a PE ratio of 844.80, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. The stock’s 50 day moving average price is $37.27 and its 200-day moving average price is $40.47. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

VNO has been the subject of a number of research reports. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. The Goldman Sachs Group upped their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 25th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Morgan Stanley increased their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. Finally, Compass Point lifted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.00.

About Vornado Realty Trust

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