Wealth Enhancement Advisory Services LLC Trims Stock Position in Vornado Realty Trust (NYSE:VNO)

Wealth Enhancement Advisory Services LLC lessened its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 84.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,648 shares of the real estate investment trust's stock after selling 76,992 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Vornado Realty Trust were worth $538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Texas Permanent School Fund Corp grew its holdings in Vornado Realty Trust by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 139,917 shares of the real estate investment trust's stock worth $4,025,000 after acquiring an additional 2,050 shares during the period. Duality Advisers LP acquired a new position in Vornado Realty Trust in the first quarter valued at approximately $233,000. Envestnet Portfolio Solutions Inc. lifted its stake in Vornado Realty Trust by 3.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 386 shares during the period. Hilltop National Bank acquired a new stake in shares of Vornado Realty Trust during the 1st quarter worth approximately $159,000. Finally, Sei Investments Co. increased its stake in shares of Vornado Realty Trust by 5.7% in the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust's stock valued at $13,501,000 after acquiring an additional 25,374 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America raised their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, August 22nd. Scotiabank boosted their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. The Goldman Sachs Group increased their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a report on Thursday, September 12th. Barclays lifted their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Finally, Piper Sandler restated a "neutral" rating and set a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and a consensus target price of $34.07.

Vornado Realty Trust Stock Performance

VNO traded up $0.99 during trading on Friday, hitting $45.76. 1,321,628 shares of the company traded hands, compared to its average volume of 2,030,533. Vornado Realty Trust has a one year low of $19.63 and a one year high of $45.90. The stock's fifty day moving average is $39.54 and its 200 day moving average is $31.65. The company has a quick ratio of 5.21, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The firm has a market cap of $8.72 billion, a P/E ratio of -157.79 and a beta of 1.64.

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). The firm had revenue of $443.26 million for 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%. Vornado Realty Trust's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. As a group, equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Profile

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