Custom Index Systems LLC Makes New $241,000 Investment in Vornado Realty Trust (NYSE:VNO)

Custom Index Systems LLC purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,106 shares of the real estate investment trust’s stock, valued at approximately $241,000.

A number of other institutional investors have also modified their holdings of VNO. Blue Trust Inc. boosted its stake in Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 844 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vornado Realty Trust in the second quarter valued at about $48,000. Fidelis Capital Partners LLC acquired a new stake in Vornado Realty Trust in the first quarter worth about $55,000. EverSource Wealth Advisors LLC increased its holdings in shares of Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,018 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Vornado Realty Trust by 12.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 500 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Compass Point upped their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Barclays boosted their price target on Vornado Realty Trust from $21.00 to $27.00 and gave the company an “underweight” rating in a research note on Wednesday, August 14th. Evercore ISI raised their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Scotiabank upped their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $32.16.

Vornado Realty Trust Stock Down 1.4 %

VNO opened at $43.17 on Monday. The company has a fifty day moving average of $37.74 and a two-hundred day moving average of $30.53. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $44.00. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 479.67 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 for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same period in the previous year, the company posted $0.72 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Company Profile

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