Farther Finance Advisors LLC Boosts Stock Position in Vornado Realty Trust $VNO

Farther Finance Advisors LLC lifted its position in Vornado Realty Trust (NYSE:VNO) by 215.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,559 shares of the real estate investment trust’s stock after purchasing an additional 5,165 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vornado Realty Trust were worth $289,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Vornado Realty Trust by 11.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,293 shares of the real estate investment trust’s stock valued at $502,000 after acquiring an additional 1,397 shares during the period. Parallel Advisors LLC boosted its holdings in Vornado Realty Trust by 6.3% during the 2nd quarter. Parallel Advisors LLC now owns 9,396 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 557 shares during the period. First National Bank Sioux Falls boosted its holdings in Vornado Realty Trust by 7.4% during the 2nd quarter. First National Bank Sioux Falls now owns 15,710 shares of the real estate investment trust’s stock valued at $601,000 after acquiring an additional 1,089 shares during the period. Strs Ohio purchased a new stake in Vornado Realty Trust during the 1st quarter valued at about $1,175,000. Finally, Acadian Asset Management LLC purchased a new stake in Vornado Realty Trust during the 1st quarter valued at about $3,341,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Haim Chera sold 30,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.42% of the company’s stock.

Vornado Realty Trust Stock Up 0.2%

Shares of NYSE:VNO opened at $40.36 on Tuesday. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The firm has a market capitalization of $7.75 billion, a P/E ratio of 9.99, a P/E/G ratio of 4.89 and a beta of 1.58. The stock has a 50 day moving average price of $39.11 and a 200-day moving average price of $38.10. 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 (NYSE:VNO) last announced its 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 return on equity of 19.64% and a net margin of 48.49%.The firm had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VNO has been the subject of several analyst reports. Scotiabank dropped their target price on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Mizuho dropped their target price on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Monday, July 14th. Bank of America dropped their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, August 25th. Truist Financial increased their price objective on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Finally, Barclays increased their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.64.

Vornado Realty Trust Profile

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