Trust Investment Advisors Trims Position in Vornado Realty Trust (NYSE:VNO)

Trust Investment Advisors lowered its stake in shares of Vornado Realty Trust (NYSE:VNO) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,013 shares of the real estate investment trust’s stock after selling 282 shares during the quarter. Trust Investment Advisors’ holdings in Vornado Realty Trust were worth $253,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VNO. Empowered Funds LLC purchased a new position in shares of Vornado Realty Trust in the 3rd quarter valued at approximately $215,000. Natixis Advisors LLC grew its position in Vornado Realty Trust by 6.7% in the 3rd quarter. Natixis Advisors LLC now owns 18,682 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 1,180 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Vornado Realty Trust by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after buying an additional 272 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vornado Realty Trust by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock valued at $110,370,000 after buying an additional 149,017 shares during the period. Finally, Cerity Partners LLC raised its position in Vornado Realty Trust by 61.5% during the 3rd quarter. Cerity Partners LLC now owns 17,093 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 6,509 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analysts Set New Price Targets

VNO has been the topic of several analyst reports. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Truist Financial increased their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 25th. Finally, Compass Point raised their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Trading Down 0.3 %

NYSE:VNO opened at $39.31 on Wednesday. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a fifty day simple moving average of $40.50 and a 200-day simple moving average of $40.95. The company has a market capitalization of $7.50 billion, a PE ratio of 982.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, equities research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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