Verum Partners LLC Invests $220,000 in Vornado Realty Trust (NYSE:VNO)

Verum Partners LLC bought a new position in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,583 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Several other hedge funds have also recently added to or reduced their stakes in VNO. Envestnet Portfolio Solutions Inc. lifted its position in Vornado Realty Trust by 3.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 386 shares during the last quarter. First National Bank Sioux Falls raised its stake in shares of Vornado Realty Trust by 3.3% during the 1st quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 496 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Vornado Realty Trust by 12.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 500 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Vornado Realty Trust by 0.3% during the first quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after buying an additional 527 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Vornado Realty Trust by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after acquiring an additional 531 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 0.8 %

Shares of VNO traded up $0.32 during mid-day trading on Wednesday, reaching $41.22. 21,936 shares of the stock traded hands, compared to its average volume of 2,059,501. The stock has a fifty day simple moving average of $35.86 and a 200 day simple moving average of $29.69. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $41.54. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 454.44 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.37). The firm had revenue of $450.27 million for the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Sell-side analysts expect that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on VNO shares. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. The Goldman Sachs Group increased their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Truist Financial increased their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Piper Sandler raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $22.00 to $30.00 in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.43.

Vornado Realty Trust Company Profile

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