Vornado Realty Trust (NYSE:VNO) Shares Bought by Creative Planning

Creative Planning grew its position in Vornado Realty Trust (NYSE:VNO) by 16.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,971 shares of the real estate investment trust’s stock after acquiring an additional 4,389 shares during the period. Creative Planning’s holdings in Vornado Realty Trust were worth $1,220,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Sei Investments Co. boosted its position in shares of Vornado Realty Trust by 5.7% during the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock worth $13,501,000 after purchasing an additional 25,374 shares during the period. National Bank of Canada FI increased its stake in shares of Vornado Realty Trust by 7.9% during the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock worth $26,385,000 after acquiring an additional 67,100 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Vornado Realty Trust during the first quarter worth about $12,824,000. Bank of Montreal Can grew its position in Vornado Realty Trust by 2,229.1% during the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after buying an additional 818,838 shares during the period. Finally, Hsbc Holdings PLC grew its position in Vornado Realty Trust by 33.3% during the second quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock worth $12,553,000 after buying an additional 120,902 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on VNO. Barclays upped their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $29.00 to $40.00 in a research note on Thursday, August 8th. Truist Financial increased their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Scotiabank raised their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.80.

Vornado Realty Trust Trading Down 0.6 %

NYSE:VNO opened at $42.52 on Thursday. Vornado Realty Trust has a 12 month low of $18.36 and a 12 month high of $44.05. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 475.22 and a beta of 1.65. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The company’s 50 day moving average is $38.14 and its 200-day moving average is $30.74.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The firm had revenue of $450.27 million during the quarter, compared to the consensus estimate of $439.28 million. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current year.

About Vornado Realty Trust

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