Amundi Pioneer Asset Management Inc. Buys 76,776 Shares of Vornado Realty Trust (VNO)

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Amundi Pioneer Asset Management Inc. lifted its stake in Vornado Realty Trust (NYSE:VNO) by 36.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,188 shares of the real estate investment trust’s stock after acquiring an additional 76,776 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.15% of Vornado Realty Trust worth $19,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Vornado Realty Trust by 15.7% in the first quarter. JPMorgan Chase & Co. now owns 10,098,699 shares of the real estate investment trust’s stock worth $679,643,000 after purchasing an additional 1,367,593 shares during the last quarter. Long Pond Capital LP increased its position in Vornado Realty Trust by 253.0% during the first quarter. Long Pond Capital LP now owns 4,657,274 shares of the real estate investment trust’s stock valued at $313,435,000 after acquiring an additional 3,337,934 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Vornado Realty Trust by 10.0% in the first quarter. Franklin Resources Inc. now owns 4,399,878 shares of the real estate investment trust’s stock worth $296,111,000 after purchasing an additional 398,998 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Vornado Realty Trust by 1.8% in the first quarter. Northern Trust Corp now owns 2,922,533 shares of the real estate investment trust’s stock worth $196,687,000 after purchasing an additional 51,316 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Vornado Realty Trust by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,595,764 shares of the real estate investment trust’s stock worth $174,696,000 after purchasing an additional 31,235 shares during the last quarter. Institutional investors own 80.12% of the company’s stock.

A number of research firms recently weighed in on VNO. SunTrust Banks set a $78.00 price objective on shares of Vornado Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Argus decreased their price target on shares of Vornado Realty Trust from $83.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, March 14th. Sandler O’Neill set a $76.00 price objective on shares of Vornado Realty Trust and gave the company a “buy” rating in a research report on Thursday, March 15th. Finally, BMO Capital Markets assumed coverage on shares of Vornado Realty Trust in a research report on Friday, March 16th. They issued an “outperform” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $80.83.

NYSE VNO opened at $73.92 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $13.88 billion, a PE ratio of 19.82, a P/E/G ratio of 7.99 and a beta of 0.88. Vornado Realty Trust has a 52 week low of $64.13 and a 52 week high of $80.92.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.59). The business had revenue of $536.43 million for the quarter, compared to analyst estimates of $533.54 million. Vornado Realty Trust had a return on equity of 5.04% and a net margin of 7.01%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. sell-side analysts expect that Vornado Realty Trust will post 3.74 earnings per share for the current fiscal year.

About Vornado Realty Trust

Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. Vornado's portfolio is concentrated in the nation's key market ? New York City ? along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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