Vert Asset Management LLC Buys 324 Shares of Vornado Realty Trust (NYSE:VNO)

Vert Asset Management LLC lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 68,282 shares of the real estate investment trust’s stock after purchasing an additional 324 shares during the quarter. Vornado Realty Trust makes up about 0.9% of Vert Asset Management LLC’s portfolio, making the stock its 28th largest holding. Vert Asset Management LLC’s holdings in Vornado Realty Trust were worth $2,690,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Vornado Realty Trust by 15.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,906 shares of the real estate investment trust’s stock worth $1,257,000 after acquiring an additional 4,219 shares during the period. Verum Partners LLC bought a new stake in Vornado Realty Trust in the third quarter worth approximately $220,000. Prospect Financial Services LLC lifted its stake in Vornado Realty Trust by 9.7% in the third quarter. Prospect Financial Services LLC now owns 113,434 shares of the real estate investment trust’s stock valued at $4,469,000 after buying an additional 10,017 shares during the period. Creative Planning boosted its holdings in shares of Vornado Realty Trust by 16.5% during the 3rd quarter. Creative Planning now owns 30,971 shares of the real estate investment trust’s stock worth $1,220,000 after buying an additional 4,389 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth approximately $249,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Up 2.6 %

NYSE:VNO opened at $43.39 on Friday. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $43.61. The firm has a 50-day moving average price of $36.55 and a two-hundred day moving average price of $29.97. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 482.11 and a beta of 1.65.

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

Analyst Ratings Changes

VNO has been the topic of several research analyst reports. Barclays increased their target price on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 14th. Evercore ISI boosted their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank increased their price target on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th. Piper Sandler restated a “neutral” rating on shares of Vornado Realty Trust in a report on Friday. Finally, The Goldman Sachs Group increased their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.43.

Vornado Realty Trust Company Profile

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