Heitman Real Estate Securities LLC Boosts Position in Vornado Realty Trust (NYSE:VNO)

Heitman Real Estate Securities LLC increased its position in shares of Vornado Realty Trust (NYSE:VNO) by 2,021.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 994,446 shares of the real estate investment trust’s stock after buying an additional 947,562 shares during the quarter. Vornado Realty Trust comprises approximately 2.1% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 20th largest position. Heitman Real Estate Securities LLC owned about 0.52% of Vornado Realty Trust worth $39,181,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 844 shares during the period. Assetmark Inc. increased its position in shares of Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vornado Realty Trust in the second quarter valued at approximately $48,000. EverSource Wealth Advisors LLC lifted its stake in Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Vornado Realty Trust by 42.5% in the third 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. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 0.7 %

Shares of VNO opened at $42.73 on Tuesday. The company’s 50 day simple moving average is $41.65 and its 200-day simple moving average is $33.60. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on VNO. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research note on Thursday, September 12th. Compass Point lifted their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Piper Sandler reiterated a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Finally, Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $35.68.

About Vornado Realty Trust

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