GAMMA Investing LLC Buys Shares of 4,250 Vornado Realty Trust (NYSE:VNO)

GAMMA Investing LLC bought a new stake in Vornado Realty Trust (NYSE:VNO) during the 4th quarter, Holdings Channel reports. The fund bought 4,250 shares of the real estate investment trust’s stock, valued at approximately $116,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Rheos Capital Works Inc. raised its position in shares of Vornado Realty Trust by 55.1% during the fourth quarter. Rheos Capital Works Inc. now owns 318,000 shares of the real estate investment trust’s stock worth $8,984,000 after purchasing an additional 113,000 shares during the period. Gotham Asset Management LLC raised its position in shares of Vornado Realty Trust by 16.8% during the third quarter. Gotham Asset Management LLC now owns 321,993 shares of the real estate investment trust’s stock worth $7,303,000 after purchasing an additional 46,316 shares during the period. Rush Island Management LP acquired a new stake in shares of Vornado Realty Trust during the third quarter worth about $27,901,000. Vanguard Group Inc. raised its position in shares of Vornado Realty Trust by 0.5% during the third quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock worth $554,726,000 after purchasing an additional 116,504 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Vornado Realty Trust by 50.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 215,608 shares of the real estate investment trust’s stock worth $4,890,000 after purchasing an additional 72,750 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VNO shares. Evercore ISI dropped their price target on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, February 15th. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $26.00 in a report on Thursday, March 28th. Barclays started coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, February 22nd. Six analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $24.80.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO opened at $26.26 on Monday. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $32.21. The stock has a 50 day moving average of $26.66 and a 200-day moving average of $25.76. The company has a market capitalization of $5.00 billion, a P/E ratio of 114.17 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $453.82 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. As a group, equities research analysts predict that Vornado Realty Trust will post 2.3 EPS for the current year.

Vornado Realty Trust 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.