Callan Family Office LLC Buys New Stake in Vornado Realty Trust (NYSE:VNO)

Callan Family Office LLC bought a new stake in Vornado Realty Trust (NYSE:VNO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,884 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Vornado Realty Trust during the fourth quarter worth about $11,357,000. Arizona State Retirement System lifted its position in shares of Vornado Realty Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock worth $1,976,000 after purchasing an additional 373 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Vornado Realty Trust during the fourth quarter worth approximately $4,809,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Vornado Realty Trust by 444.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 471,956 shares of the real estate investment trust’s stock valued at $19,841,000 after buying an additional 385,333 shares during the period. Finally, M&T Bank Corp lifted its holdings in Vornado Realty Trust by 6.4% in the fourth quarter. M&T Bank Corp now owns 45,518 shares of the real estate investment trust’s stock valued at $1,913,000 after buying an additional 2,748 shares during the period. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $36.38 on Wednesday. The company has a fifty day moving average price of $41.11 and a two-hundred day moving average price of $40.70. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The stock has a market cap of $6.94 billion, a P/E ratio of 909.43, a P/E/G ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Analyst Ratings Changes

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

About Vornado Realty Trust

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