Vornado Realty Trust (NYSE:VNO) Stock Holdings Lifted by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 45.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,973,190 shares of the real estate investment trust’s stock after buying an additional 612,765 shares during the period. Duff & Phelps Investment Management Co. owned 1.04% of Vornado Realty Trust worth $51,875,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vornado Realty Trust in the second quarter valued at approximately $48,000. Fidelis Capital Partners LLC acquired a new position in Vornado Realty Trust during the 1st quarter valued at approximately $55,000. EverSource Wealth Advisors LLC grew its stake in Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 1,018 shares during the last quarter. GAMMA Investing LLC increased its position in Vornado Realty Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 750 shares during the period. Finally, Clear Street Markets LLC bought a new stake in Vornado Realty Trust in the fourth quarter valued at $147,000. Institutional investors own 90.02% of the company’s stock.

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the transaction, the director now owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.14% of the stock is owned by insiders.

Vornado Realty Trust Trading Up 0.1 %

Shares of VNO stock opened at $38.88 on Friday. 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 stock has a 50-day simple moving average of $33.34 and a 200 day simple moving average of $28.60. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $39.91. The stock has a market capitalization of $7.41 billion, a P/E ratio of 259.22 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same quarter last year, the firm posted $0.72 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Vornado Realty Trust will post 2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VNO shares. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. The Goldman Sachs Group upped their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Bank of America boosted their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, Truist Financial raised their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. 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 data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $30.43.

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.