2,500 Shares in Vornado Realty Trust (NYSE:VNO) Bought by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC purchased a new position in Vornado Realty Trust (NYSE:VNO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,500 shares of the real estate investment trust’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Vornado Realty Trust by 2,229.1% in the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after buying an additional 818,838 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Vornado Realty Trust by 33.3% during the second quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock worth $12,553,000 after acquiring an additional 120,902 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Vornado Realty Trust by 112.0% in the third quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock worth $5,132,000 after purchasing an additional 68,813 shares during the period. Atria Investments Inc acquired a new stake in Vornado Realty Trust in the first quarter worth about $1,429,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Vornado Realty Trust by 598.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 90,640 shares of the real estate investment trust’s stock worth $2,383,000 after purchasing an additional 77,668 shares during the period. Institutional investors own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Scotiabank upped their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Piper Sandler reissued a “neutral” rating and issued a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. The Goldman Sachs Group upped their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. Finally, Evercore ISI upped their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.68.

Vornado Realty Trust Stock Down 1.3 %

Shares of Vornado Realty Trust stock opened at $43.43 on Friday. The stock has a market capitalization of $8.28 billion, a P/E ratio of -149.76 and a beta of 1.64. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The stock has a 50 day moving average price of $41.49 and a two-hundred day moving average price of $33.23. Vornado Realty Trust has a 12-month low of $21.16 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The company had revenue of $443.26 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. Equities analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

About Vornado Realty Trust

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