Vornado Realty Trust (NYSE:VNO) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,778 shares of the real estate investment trust’s stock after selling 10,310 shares during the quarter. Raymond James & Associates’ holdings in Vornado Realty Trust were worth $4,033,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth $26,000. Financial Gravity Asset Management Inc. boosted its holdings in Vornado Realty Trust by 8,355.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,504 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Vornado Realty Trust by 49.8% in the third quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 556 shares during the last quarter. Selway Asset Management acquired a new position in Vornado Realty Trust in the third quarter valued at $45,000. Finally, Whittier Trust Co. boosted its holdings in Vornado Realty Trust by 1,227.7% in the third quarter. Whittier Trust Co. now owns 2,058 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,903 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reduced their target price on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, February 22nd. Piper Sandler lifted their target price on Vornado Realty Trust from $16.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, December 20th. BMO Capital Markets upgraded Vornado Realty Trust from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $25.00 to $31.00 in a report on Friday, December 15th. Evercore ISI reduced their target price on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, February 15th. Finally, Barclays began coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $24.80.

Vornado Realty Trust Trading Down 4.1 %

NYSE:VNO opened at $27.42 on Friday. The business’s 50-day moving average is $26.56 and its two-hundred day moving average is $25.39. The company has a debt-to-equity ratio of 1.82, a current ratio of 4.95 and a quick ratio of 4.95. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $32.21. The firm has a market capitalization of $5.22 billion, a PE ratio of 119.22 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The business had revenue of $441.89 million for the quarter, compared to analysts’ expectations of $453.82 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. Research analysts predict that Vornado Realty Trust will post 2.3 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.