Proficio Capital Partners LLC Invests $4.81 Million in Vornado Realty Trust (NYSE:VNO)

Proficio Capital Partners LLC acquired a new stake in Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 114,399 shares of the real estate investment trust’s stock, valued at approximately $4,809,000.

A number of other large investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in Vornado Realty Trust during the 4th quarter worth about $32,000. UMB Bank n.a. raised its position in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 872 shares during the last quarter. Assetmark Inc. lifted its stake in shares of 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 acquiring an additional 661 shares during the period. Finally, Quarry LP bought a new stake in Vornado Realty Trust in the third quarter valued at approximately $54,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of VNO opened at $38.13 on Tuesday. The stock has a market cap of $7.28 billion, a P/E ratio of 953.23, a P/E/G ratio of 9.69 and a beta of 1.60. The business’s fifty day moving average is $40.64 and its 200 day moving average is $40.76. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VNO. Morgan Stanley boosted their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday. 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 report on Tuesday, February 25th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, Barclays upped their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Company Profile

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