Parallel Advisors LLC Has $359,000 Stock Position in Vornado Realty Trust $VNO

Parallel Advisors LLC lifted its stake in Vornado Realty Trust (NYSE:VNO) by 6.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,396 shares of the real estate investment trust’s stock after purchasing an additional 557 shares during the quarter. Parallel Advisors LLC’s holdings in Vornado Realty Trust were worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VNO. Invesco Ltd. boosted its position in shares of Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust’s stock valued at $155,476,000 after purchasing an additional 1,067,284 shares during the period. Nuveen LLC acquired a new position in shares of Vornado Realty Trust in the 1st quarter valued at $38,284,000. Centersquare Investment Management LLC boosted its position in shares of Vornado Realty Trust by 32.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock valued at $96,022,000 after purchasing an additional 632,721 shares during the period. Deutsche Bank AG boosted its position in shares of Vornado Realty Trust by 21.3% in the 1st quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust’s stock valued at $109,228,000 after purchasing an additional 517,773 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Vornado Realty Trust by 106.1% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 972,817 shares of the real estate investment trust’s stock valued at $35,985,000 after purchasing an additional 500,861 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VNO. Scotiabank decreased their price target on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. Citigroup upgraded Vornado Realty Trust from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. Mizuho decreased their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Bank of America decreased their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. Finally, Barclays raised their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.64.

Vornado Realty Trust Stock Down 1.1%

Shares of VNO stock opened at $41.47 on Friday. The stock’s 50 day simple moving average is $38.85 and its 200 day simple moving average is $37.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 5.25 and a beta of 1.58.

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

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.42% of the stock is owned by company insiders.

Vornado Realty Trust Company Profile

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