Summit Securities Group LLC purchased a new position in Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,000 shares of the real estate investment trust's stock, valued at approximately $715,000.
Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in Vornado Realty Trust in the 4th quarter worth $32,000. UMB Bank n.a. lifted its position in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after buying an additional 268 shares in the last quarter. Versant Capital Management Inc boosted its stake in Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 872 shares during the last quarter. Quarry LP purchased a new position in Vornado Realty Trust during the 3rd quarter valued at approximately $54,000. Finally, Assetmark Inc. grew its holdings in Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Truist Financial increased their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Morgan Stanley increased their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. The Goldman Sachs Group upped their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, February 25th. Compass Point lifted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Vornado Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $38.55.
View Our Latest Analysis on Vornado Realty Trust
Vornado Realty Trust Trading Up 2.0 %
Vornado Realty Trust stock traded up $0.76 during trading hours on Tuesday, hitting $37.75. The company had a trading volume of 1,197,621 shares, compared to its average volume of 1,688,611. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The firm has a market cap of $7.20 billion, a P/E ratio of 943.70, a P/E/G ratio of 9.69 and a beta of 1.60. The company has a 50-day moving average price of $40.21 and a two-hundred day moving average price of $41.08. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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