Vornado Realty Trust (NYSE:VNO) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 30.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,318 shares of the real estate investment trust’s stock after selling 4,422 shares during the quarter. Summit Trail Advisors LLC’s holdings in Vornado Realty Trust were worth $407,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 844 shares during the last quarter. Assetmark Inc. grew its position in Vornado Realty Trust by 122.2% in the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vornado Realty Trust in the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC boosted its stake in Vornado Realty Trust by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,018 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake 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 worth $88,000 after purchasing an additional 665 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

VNO has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Finally, Bank of America lifted their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Stock Up 2.1 %

Vornado Realty Trust stock opened at $43.99 on Wednesday. The company has a market capitalization of $8.39 billion, a P/E ratio of -151.67 and a beta of 1.64. The firm’s fifty day simple moving average is $41.18 and its 200-day simple moving average is $32.95. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 1-year low of $21.16 and a 1-year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last released its quarterly 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 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%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. Sell-side analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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