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

Farther Finance Advisors LLC boosted its holdings in Vornado Realty Trust (NYSE:VNO) by 42.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,229 shares of the real estate investment trust’s stock after buying an additional 665 shares during the period. Farther Finance Advisors LLC’s holdings in Vornado Realty Trust were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its holdings in shares of Vornado Realty Trust by 2,229.1% in the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after acquiring an additional 818,838 shares during the period. Natixis bought a new position in Vornado Realty Trust in the 1st quarter worth about $21,564,000. Duff & Phelps Investment Management Co. grew its holdings in Vornado Realty Trust by 45.0% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock valued at $51,875,000 after buying an additional 612,765 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Vornado Realty Trust by 324.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock valued at $20,292,000 after buying an additional 590,176 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Vornado Realty Trust in the first quarter worth about $12,824,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 5.3 %

Shares of VNO opened at $42.91 on Wednesday. The firm has a market cap of $8.18 billion, a P/E ratio of -147.97 and a beta of 1.64. Vornado Realty Trust has a 1 year low of $19.63 and a 1 year high of $46.63. The stock has a 50 day simple moving average of $39.94 and a two-hundred day simple moving average of $31.94. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 5.21.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter in the previous year, the business earned $0.66 EPS. Vornado Realty Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VNO has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Compass Point upped their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Evercore ISI lifted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays upped their target price 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 target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Company Profile

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