Harvest Fund Management Co. Ltd Boosts Holdings in Vornado Realty Trust (NYSE:VNO)

Harvest Fund Management Co. Ltd grew its position in Vornado Realty Trust (NYSE:VNO) by 131.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,826 shares of the real estate investment trust’s stock after buying an additional 7,278 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Vornado Realty Trust were worth $539,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after purchasing an additional 592,412 shares during the period. Principal Financial Group Inc. boosted its position in shares of Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after purchasing an additional 3,575,593 shares during the period. JPMorgan Chase & Co. boosted its position 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 worth $139,045,000 after purchasing an additional 2,468,652 shares during the period. Geode Capital Management LLC boosted its position in shares of Vornado Realty Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after purchasing an additional 39,147 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after purchasing an additional 149,017 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of VNO opened at $38.61 on Friday. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The firm’s fifty day simple moving average is $40.47 and its 200-day simple moving average is $40.78. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 965.18, a PEG ratio of 9.69 and a beta of 1.60. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 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%. Equities analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VNO. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Morgan Stanley increased their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the stock 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 report on Tuesday, February 25th. Finally, Compass Point increased their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Two investment 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, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Profile

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