Vornado Realty Trust (NYSE:VNO) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its position in Vornado Realty Trust (NYSE:VNO) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,401 shares of the real estate investment trust’s stock after purchasing an additional 10,484 shares during the quarter. LPL Financial LLC’s holdings in Vornado Realty Trust were worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 523 shares during the period. Assetmark Inc. increased its stake in shares of Vornado Realty Trust by 23.3% in the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 347 shares during the period. Friedenthal Financial acquired a new stake in shares of Vornado Realty Trust in the first quarter valued at approximately $75,000. Quarry LP increased its stake in shares of Vornado Realty Trust by 55.4% in the fourth quarter. Quarry LP now owns 2,135 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 761 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on VNO shares. Wall Street Zen upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Mizuho lowered their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Piper Sandler raised their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Evercore ISI lowered their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Finally, Scotiabank raised their price objective on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and an average target price of $37.80.

Insider Activity

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, the executive vice president owned 30,000 shares of the company’s stock, valued at $1,139,400. This trade represents a 40.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.42% of the stock is owned by company insiders.

Vornado Realty Trust Trading Up 0.3%

Vornado Realty Trust stock opened at $37.17 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 13.46 and a beta of 1.56. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The firm’s 50 day moving average price is $38.70 and its two-hundred day moving average price is $38.31.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm had revenue of $441.44 million for the quarter, compared to analyst estimates of $468.79 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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