Lighthouse Investment Partners LLC Has $10.93 Million Holdings in Vornado Realty Trust (NYSE:VNO)

Lighthouse Investment Partners LLC raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 260,000 shares of the real estate investment trust’s stock after purchasing an additional 10,000 shares during the period. Lighthouse Investment Partners LLC’s holdings in Vornado Realty Trust were worth $10,930,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. UMB Bank n.a. grew its position in Vornado Realty Trust by 53.2% during the fourth 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. FIL Ltd purchased a new stake in Vornado Realty Trust in the 4th quarter worth approximately $49,000. Assetmark Inc. boosted its stake in shares of Vornado Realty Trust by 23.8% during the 4th 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. Blue Trust Inc. grew its holdings in shares of Vornado Realty Trust by 61.6% during the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 677 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Vornado Realty Trust by 55.4% during the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 761 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

VNO has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. StockNews.com lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 7th. Morgan Stanley increased their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. Compass Point raised their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and an average price target of $38.00.

Vornado Realty Trust Stock Up 0.3%

NYSE:VNO opened at $38.84 on Monday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 971.00, a PEG ratio of 9.69 and a beta of 1.47. The stock has a 50-day moving average price of $36.29 and a two-hundred day moving average price of $40.06. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The firm had revenue of $461.58 million during the quarter, compared to analysts’ expectations of $452.68 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Company Profile

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