Envestnet Asset Management Inc. Increases Stock Position in Vornado Realty Trust $VNO

Envestnet Asset Management Inc. boosted its holdings in Vornado Realty Trust (NYSE:VNO) by 1.4% in the 2nd quarter, Holdings Channel reports. The firm owned 231,759 shares of the real estate investment trust’s stock after purchasing an additional 3,220 shares during the period. Envestnet Asset Management Inc.’s holdings in Vornado Realty Trust were worth $8,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of VNO. Teacher Retirement System of Texas purchased a new stake in shares of Vornado Realty Trust in the first quarter valued at about $876,000. State of Michigan Retirement System increased its position in Vornado Realty Trust by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust’s stock valued at $1,469,000 after acquiring an additional 400 shares during the period. New York State Common Retirement Fund raised its stake in Vornado Realty Trust by 0.7% during the 1st quarter. New York State Common Retirement Fund now owns 908,545 shares of the real estate investment trust’s stock valued at $33,607,000 after acquiring an additional 6,678 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Vornado Realty Trust by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the real estate investment trust’s stock worth $1,720,000 after acquiring an additional 500 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Vornado Realty Trust by 1.4% in the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust’s stock valued at $758,000 after purchasing an additional 282 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore ISI increased their price target on Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Truist Financial raised their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. Piper Sandler lowered their target price on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a report on Wednesday, October 8th. Finally, Scotiabank reduced their price objective on shares of Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.33.

Vornado Realty Trust Stock Up 4.4%

Shares of NYSE VNO opened at $37.18 on Monday. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $46.63. The firm has a 50-day moving average price of $39.75 and a 200 day moving average price of $38.81. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $453.70 million during the quarter, compared to analysts’ expectations of $435.19 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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