Algert Global LLC decreased its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 45.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,034 shares of the real estate investment trust's stock after selling 68,792 shares during the quarter. Algert Global LLC's holdings in Vornado Realty Trust were worth $3,232,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 844 shares during the last quarter. Assetmark Inc. increased its holdings in shares of 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 acquiring an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vornado Realty Trust during the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC increased its holdings in shares of Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Vornado Realty Trust by 42.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 665 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.
Vornado Realty Trust Price Performance
Shares of VNO stock traded up $0.92 on Tuesday, hitting $43.99. 1,433,809 shares of the company's stock were exchanged, compared to its average volume of 1,992,996. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a 12 month low of $21.16 and a 12 month high of $46.63. The company has a 50 day moving average of $41.18 and a 200 day moving average of $32.95.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. Vornado Realty Trust's quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.
Analysts Set New Price Targets
VNO has been the topic of a number of research reports. Truist Financial upped their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. StockNews.com raised Vornado Realty Trust to a "sell" rating in a report on Tuesday, November 12th. Bank of America upped their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, August 22nd. The Goldman Sachs Group upped their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the company a "sell" rating in a report on Thursday, September 12th. Finally, Barclays upped their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Four 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, the company presently has a consensus rating of "Hold" and an average price target of $34.07.
Read Our Latest Report on VNO
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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