Wealth Enhancement Advisory Services LLC Purchases 1,397 Shares of Vornado Realty Trust $VNO

Wealth Enhancement Advisory Services LLC raised its position in shares of Vornado Realty Trust (NYSE:VNO) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,293 shares of the real estate investment trust’s stock after buying an additional 1,397 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Vornado Realty Trust were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in Vornado Realty Trust by 1.4% in the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust’s stock worth $758,000 after purchasing an additional 282 shares during the last quarter. Compound Planning Inc. boosted its position in shares of Vornado Realty Trust by 4.4% in the 1st quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 311 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Vornado Realty Trust by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 312 shares in the last quarter. Norinchukin Bank The grew its stake in Vornado Realty Trust by 4.7% during the 1st quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 341 shares during the last quarter. Finally, Assetmark Inc. increased its position in Vornado Realty Trust by 23.3% during the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Mizuho dropped their price target on 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. Truist Financial lifted their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. Scotiabank cut their price target on shares of Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vornado Realty Trust in a report on Saturday, September 27th. Finally, Evercore ISI boosted their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.64.

Vornado Realty Trust Stock Down 0.2%

VNO stock opened at $40.97 on Monday. Vornado Realty Trust has a one year low of $29.68 and a one year high of $46.63. 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’s fifty day moving average is $39.20 and its 200 day moving average is $38.18. The firm has a market cap of $7.87 billion, a PE ratio of 10.14, a P/E/G ratio of 4.98 and a beta of 1.59.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS 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 firm had revenue of $441.44 million for the quarter, compared to analysts’ expectations of $468.79 million. During the same period last year, the firm earned $0.57 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of the company’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 transaction of $1,189,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.42% of the stock is owned by company insiders.

About Vornado Realty Trust

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