Brooklyn Investment Group Makes New $88,000 Investment in Vornado Realty Trust (NYSE:VNO)

Brooklyn Investment Group bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,246 shares of the real estate investment trust’s stock, valued at approximately $88,000.

Several other hedge funds also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. lifted its stake in Vornado Realty Trust by 9.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,187 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 1,013 shares during the period. Atria Investments Inc bought a new position in Vornado Realty Trust during the 1st quarter worth approximately $1,429,000. Cetera Advisors LLC acquired a new position in Vornado Realty Trust during the first quarter valued at approximately $219,000. EverSource Wealth Advisors LLC increased its stake in Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Vornado Realty Trust in the second quarter worth $4,878,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $43.43 on Friday. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 1-year low of $21.16 and a 1-year high of $46.63. The company has a fifty day simple moving average of $41.40 and a 200 day simple moving average of $33.16.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the prior year, the firm posted $0.66 EPS. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. Sell-side analysts expect that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on VNO. Scotiabank upped their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler reiterated a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Barclays raised their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.68.

Vornado Realty Trust Profile

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