CANADA LIFE ASSURANCE Co Purchases 14,309 Shares of Vornado Realty Trust (NYSE:VNO)

CANADA LIFE ASSURANCE Co raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,913 shares of the real estate investment trust’s stock after purchasing an additional 14,309 shares during the period. CANADA LIFE ASSURANCE Co owned 0.18% of Vornado Realty Trust worth $14,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MML Investors Services LLC bought a new position in Vornado Realty Trust in the third quarter worth about $248,000. Sanctuary Advisors LLC raised its position in shares of Vornado Realty Trust by 93.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,619 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 7,563 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Vornado Realty Trust in the 3rd quarter worth approximately $176,000. Tidal Investments LLC purchased a new position in shares of Vornado Realty Trust in the 3rd quarter valued at approximately $258,000. Finally, Franklin Resources Inc. boosted its position in shares of Vornado Realty Trust by 5.6% during the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after purchasing an additional 592,412 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of VNO opened at $34.45 on Monday. The firm has a fifty day simple moving average of $37.61 and a two-hundred day simple moving average of $40.56. The firm has a market cap of $6.61 billion, a PE ratio of 861.23, a P/E/G ratio of 9.69 and a beta of 1.49. 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 has a 1-year low of $22.42 and a 1-year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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 return on equity of 1.60% and a net margin of 3.94%. On average, equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VNO. Barclays lifted their target price 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. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Piper Sandler cut their target price on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Compass Point raised their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, 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 report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Vornado Realty Trust Profile

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