Vornado Realty Trust (NYSE:VNO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 0.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,436,089 shares of the real estate investment trust’s stock after selling 1,218 shares during the period. Dimensional Fund Advisors LP’s holdings in Vornado Realty Trust were worth $68,825,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Metis Global Partners LLC raised its position in shares of Vornado Realty Trust by 5.3% during the 4th quarter. Metis Global Partners LLC now owns 9,886 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 499 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Vornado Realty Trust by 2.8% during the third quarter. Greenleaf Trust now owns 19,064 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 516 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Vornado Realty Trust by 1.4% in the third quarter. Arizona State Retirement System now owns 46,439 shares of the real estate investment trust’s stock valued at $1,053,000 after acquiring an additional 628 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Vornado Realty Trust by 1.9% in the third quarter. Wealthspire Advisors LLC now owns 33,928 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 638 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Vornado Realty Trust by 3.3% during the third quarter. Signaturefd LLC now owns 20,363 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 646 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 0.3 %

VNO stock opened at $23.44 on Friday. Vornado Realty Trust has a one year low of $12.82 and a one year high of $32.21. The firm has a market cap of $4.46 billion, a PE ratio of 156.28 and a beta of 1.57. The firm’s 50 day moving average price is $26.32 and its 200-day moving average price is $26.27. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.97 and a current ratio of 4.97.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of research reports. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Compass Point lowered their price target on shares of Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Barclays cut their price objective on shares of Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Friday. Piper Sandler lowered their target price on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, May 13th. Finally, Scotiabank cut their price target on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.45.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.