Algert Global LLC Has $8.52 Million Holdings in Vornado Realty Trust $VNO

Algert Global LLC grew its position in Vornado Realty Trust (NYSE:VNO) by 386.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 210,174 shares of the real estate investment trust’s stock after acquiring an additional 166,982 shares during the period. Algert Global LLC owned 0.11% of Vornado Realty Trust worth $8,518,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. raised its position in Vornado Realty Trust by 100.0% in the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Vornado Realty Trust during the third quarter worth about $39,000. BOKF NA grew its holdings in shares of Vornado Realty Trust by 1,257.1% during the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,056 shares during the last quarter. Spire Wealth Management increased its stake in shares of Vornado Realty Trust by 19.6% in the third quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 275 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of Vornado Realty Trust by 238.9% in the third quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,443 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Mizuho cut their target price on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Barclays decreased their price target on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Truist Financial dropped their price target on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Finally, Evercore reduced their price objective on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.90.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $25.40 on Tuesday. The business has a 50-day simple moving average of $30.38 and a 200 day simple moving average of $34.95. Vornado Realty Trust has a one year low of $25.28 and a one year high of $43.37. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 1.38 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The firm had revenue of $453.71 million during the quarter, compared to the consensus estimate of $440.23 million. During the same quarter in the previous year, the company posted $0.61 EPS. The firm’s revenue was down .9% on a year-over-year basis. On average, research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.