Algert Global LLC Has $3.23 Million Stock Position in Vornado Realty Trust (NYSE:VNO)

Algert Global LLC lessened its stake in shares of Vornado Realty Trust (NYSE:VNO) by 45.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,034 shares of the real estate investment trust’s stock after selling 68,792 shares during the period. Algert Global LLC’s holdings in Vornado Realty Trust were worth $3,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Vornado Realty Trust by 331.0% during 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 during the period. Assetmark Inc. grew its position in Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vornado Realty Trust during the 2nd quarter valued at $48,000. Farther Finance Advisors LLC lifted its holdings in shares of Vornado Realty Trust by 42.5% in the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 665 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Vornado Realty Trust by 61.0% in 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 purchasing an additional 1,018 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Trading Up 1.5 %

Shares of NYSE:VNO opened at $43.07 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The stock’s 50-day moving average is $41.07 and its 200-day moving average is $32.82. The company has a market cap of $8.21 billion, a P/E ratio of -148.52 and a beta of 1.64. Vornado Realty Trust has a 52-week low of $21.16 and a 52-week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The business had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. Equities research analysts predict that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Compass Point upped their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Bank of America upped their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Scotiabank increased their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average price target of $34.07.

Vornado Realty Trust Profile

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