Summit Investment Advisors Inc. Sells 811 Shares of Vornado Realty Trust (NYSE:VNO)

Summit Investment Advisors Inc. cut its holdings in Vornado Realty Trust (NYSE:VNO) by 2.4% in the fourth quarter, HoldingsChannel reports. 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 SEC filing.

Several other hedge funds have also recently bought and sold shares of VNO. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $32,000. UMB Bank n.a. lifted its holdings in Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc boosted its position in Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 872 shares during the period. FIL Ltd acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $49,000. Finally, Assetmark Inc. raised its position 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 purchasing an additional 286 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 1.7 %

VNO opened at $34.21 on Thursday. The company has a market capitalization of $6.57 billion, a P/E ratio of 855.25, a P/E/G ratio of 9.69 and a beta of 1.49. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The firm’s fifty day moving average price is $37.94 and its two-hundred day moving average price is $40.61. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate 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, analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

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

Vornado Realty Trust Profile

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