Short Interest in Vornado Realty Trust (NYSE:VNO) Declines By 18.0%

Vornado Realty Trust (NYSE:VNO) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 9,060,000 shares, a decrease of 18.0% from the February 28th total of 11,050,000 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is presently 6.7 days.

Institutional Trading of Vornado Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at about $4,015,000. JPMorgan Chase & Co. lifted its holdings in Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after acquiring an additional 2,468,652 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after acquiring an additional 2,286,997 shares during the period. UMB Bank n.a. grew its holdings in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $235,000. Institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Barclays lifted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. The Goldman Sachs Group upped their price objective 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 raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two equities research 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.com, the stock has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Up 2.3 %

NYSE:VNO traded up $0.87 during mid-day trading on Tuesday, reaching $37.86. The stock had a trading volume of 233,402 shares, compared to its average volume of 1,684,907. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 945.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The stock’s 50 day simple moving average is $40.21 and its two-hundred day simple moving average is $41.08.

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

Vornado Realty Trust Company Profile

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