Farther Finance Advisors LLC Buys 665 Shares of Vornado Realty Trust (NYSE:VNO)

Farther Finance Advisors LLC raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 42.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,229 shares of the real estate investment trust’s stock after acquiring an additional 665 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vornado Realty Trust were worth $88,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VNO. US Bancorp DE increased its stake in shares of Vornado Realty Trust by 1.8% in the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 311 shares in the last quarter. Vert Asset Management LLC grew its holdings in shares of Vornado Realty Trust by 0.5% in the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after purchasing an additional 324 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Vornado Realty Trust by 3.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 386 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Vornado Realty Trust by 12.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 500 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Vornado Realty Trust by 1.3% in the third quarter. Louisiana State Employees Retirement System now owns 45,900 shares of the real estate investment trust’s stock valued at $1,808,000 after acquiring an additional 600 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VNO shares. Evercore ISI lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. BMO Capital Markets upgraded 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 report on Thursday, August 8th. Compass Point raised their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Barclays raised their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Finally, Scotiabank lifted their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $42.91 on Wednesday. The company has a current ratio of 4.97, a quick ratio of 5.21 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12 month low of $19.63 and a 12 month high of $46.63. The firm has a market cap of $8.18 billion, a P/E ratio of -147.97 and a beta of 1.64. The stock has a 50 day moving average of $39.94 and a two-hundred day moving average of $31.94.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The company had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. Vornado Realty Trust’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. On average, analysts expect 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.