Harvest Investment Services LLC Acquires New Shares in Vornado Realty Trust (NYSE:VNO)

Harvest Investment Services LLC bought a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,482 shares of the real estate investment trust's stock, valued at approximately $1,113,000.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings in shares of Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Versant Capital Management Inc grew its position in Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 872 shares during the period. FIL Ltd bought a new stake in Vornado Realty Trust during the 4th quarter valued at $49,000. Finally, Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after buying an additional 286 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VNO shares. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. Morgan Stanley upped their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Finally, Barclays raised their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $38.00.

Vornado Realty Trust Stock Performance

Shares of VNO stock traded up $0.25 during trading hours on Friday, hitting $35.74. 1,002,120 shares of the company were exchanged, compared to its average volume of 1,661,757. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 893.50, a P/E/G ratio of 9.69 and a beta of 1.49. The firm has a fifty day simple moving average of $36.86 and a 200 day simple moving average of $40.39. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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