Pathstone Holdings LLC Sells 12,932 Shares of Vornado Realty Trust (NYSE:VNO)

Pathstone Holdings LLC reduced its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,480 shares of the real estate investment trust's stock after selling 12,932 shares during the quarter. Pathstone Holdings LLC's holdings in Vornado Realty Trust were worth $3,486,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Thrivent Financial for Lutherans grew its stake in shares of Vornado Realty Trust by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust's stock valued at $1,534,000 after purchasing an additional 272 shares during the last quarter. US Bancorp DE boosted its stake in Vornado Realty Trust by 1.8% in the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock valued at $691,000 after acquiring an additional 311 shares during the last quarter. Vert Asset Management LLC boosted its stake in Vornado Realty Trust by 0.5% in the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust's stock valued at $2,690,000 after acquiring an additional 324 shares during the last quarter. GAMMA Investing LLC boosted its stake in Vornado Realty Trust by 12.8% in the third quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust's stock valued at $174,000 after acquiring an additional 500 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Vornado Realty Trust by 1.3% in the third quarter. Louisiana State Employees Retirement System now owns 45,900 shares of the real estate investment trust's stock valued at $1,808,000 after acquiring an additional 600 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on VNO. StockNews.com raised shares of Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. Compass Point raised their price objective on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Scotiabank raised their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Barclays raised their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group increased their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Vornado Realty Trust has an average rating of "Hold" and an average price target of $34.07.

Vornado Realty Trust Stock Up 1.5 %

Vornado Realty Trust stock traded up $0.65 during mid-day trading on Monday, reaching $43.07. The company's stock had a trading volume of 1,421,226 shares, compared to its average volume of 1,995,449. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -148.52 and a beta of 1.64. Vornado Realty Trust has a 12 month low of $21.16 and a 12 month high of $46.63. The business's 50 day simple moving average is $41.07 and its 200 day simple moving average is $32.82. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.61). The business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. As a group, research analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Profile

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