2,246 Shares in Vornado Realty Trust (NYSE:VNO) Purchased by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in Vornado Realty Trust (NYSE:VNO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,246 shares of the real estate investment trust’s stock, valued at approximately $88,000.

A number of other hedge funds also recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. raised its stake in Vornado Realty Trust by 9.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,187 shares of the real estate investment trust’s stock valued at $351,000 after acquiring an additional 1,013 shares during the period. Atria Investments Inc acquired a new position in shares of Vornado Realty Trust in the first quarter valued at $1,429,000. Cetera Advisors LLC bought a new position in shares of Vornado Realty Trust in the first quarter valued at about $219,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 1,018 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Vornado Realty Trust in the 2nd quarter valued at about $4,878,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 1.3 %

Shares of Vornado Realty Trust stock opened at $43.43 on Friday. The firm’s 50-day moving average price is $41.40 and its two-hundred day moving average price is $33.16. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12-month low of $21.16 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (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 firm had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on VNO. Compass Point raised their price objective on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Barclays boosted their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Evercore ISI increased their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler reissued a “neutral” rating and issued a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, Scotiabank upped their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $35.68.

Vornado Realty Trust Profile

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