Vornado Realty Trust (NYSE:VNO) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lessened its holdings in Vornado Realty Trust (NYSE:VNO) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,291 shares of the real estate investment trust’s stock after selling 349 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Vornado Realty Trust were worth $96,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in shares of Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after buying an additional 592,412 shares during the period. Principal Financial Group Inc. lifted its holdings in Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after acquiring an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after acquiring an additional 2,468,652 shares during the period. Geode Capital Management LLC grew its holdings in shares of Vornado Realty Trust by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock valued at $122,417,000 after purchasing an additional 39,147 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after purchasing an additional 149,017 shares during the period. Institutional investors own 90.02% of the company’s stock.

Analysts Set New Price Targets

VNO has been the subject of a number of analyst reports. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Truist Financial increased their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group boosted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Finally, Compass Point raised their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Two research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Stock Performance

VNO opened at $37.73 on Wednesday. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 943.15, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The business has a 50 day moving average price of $40.53 and a two-hundred day moving average price of $40.81. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

Vornado Realty Trust Profile

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