Private Management Group Inc. trimmed its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 15.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 748,196 shares of the real estate investment trust's stock after selling 138,211 shares during the period. Private Management Group Inc. owned about 0.39% of Vornado Realty Trust worth $29,479,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock worth $43,000 after buying an additional 844 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vornado Realty Trust in the second quarter worth $48,000. Fidelis Capital Partners LLC bought a new stake in Vornado Realty Trust in the first quarter valued at $55,000. Farther Finance Advisors LLC increased its position in Vornado Realty Trust by 42.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 665 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Vornado Realty Trust by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 1,018 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
VNO has been the subject of a number of research reports. StockNews.com raised shares of Vornado Realty Trust to a "sell" rating in a research note on Saturday, July 20th. Barclays lifted their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Piper Sandler reissued a "neutral" rating and set a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. BMO Capital Markets raised shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Finally, Compass Point lifted their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $32.80.
Check Out Our Latest Stock Analysis on Vornado Realty Trust
NYSE:VNO traded down $0.18 during mid-day trading on Friday, reaching $41.23. The company's stock had a trading volume of 1,550,068 shares, compared to its average volume of 1,589,971. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. The stock has a market cap of $7.85 billion, a P/E ratio of 458.11 and a beta of 1.64. The firm's fifty day moving average price is $38.58 and its two-hundred day moving average price is $31.00. Vornado Realty Trust has a 12-month low of $19.63 and a 12-month high of $44.05.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.37). The company had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. On average, equities analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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