Vornado Realty Trust (NYSE:VNO) Holdings Lowered by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. reduced its stake in Vornado Realty Trust (NYSE:VNO) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,222 shares of the real estate investment trust’s stock after selling 811 shares during the period. Summit Investment Advisors Inc.’s holdings in Vornado Realty Trust were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 286 shares during the period. CIBC Asset Management Inc boosted its stake in Vornado Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 324 shares in the last quarter. GAMMA Investing LLC grew its holdings in Vornado Realty Trust by 8.1% during the fourth quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 356 shares during the period. Finally, Arizona State Retirement System raised its position in Vornado Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock worth $1,976,000 after acquiring an additional 373 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Barclays raised their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Finally, Piper Sandler cut their price target on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.00.

Vornado Realty Trust Stock Down 1.7 %

VNO stock opened at $34.21 on Thursday. The company has a 50 day moving average of $37.94 and a two-hundred day moving average of $40.61. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 855.25, a PEG ratio of 9.69 and a beta of 1.49.

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

About Vornado Realty Trust

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