Freedom Investment Management Inc. Sells 2,227 Shares of Vornado Realty Trust (NYSE:VNO)

Freedom Investment Management Inc. trimmed its stake in Vornado Realty Trust (NYSE:VNO) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,708 shares of the real estate investment trust’s stock after selling 2,227 shares during the quarter. Freedom Investment Management Inc.’s holdings in Vornado Realty Trust were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VNO. B. Riley Wealth Advisors Inc. grew its holdings in Vornado Realty Trust by 9.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,187 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 1,013 shares during the period. Atria Investments Inc purchased a new stake in Vornado Realty Trust during the first quarter valued at about $1,429,000. Cetera Advisors LLC bought a new position in Vornado Realty Trust during the first quarter worth about $219,000. EverSource Wealth Advisors LLC increased its stake in shares of Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,018 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Vornado Realty Trust in the second quarter valued at approximately $4,878,000. 90.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VNO shares. Scotiabank raised their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Truist Financial increased their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Evercore ISI upped their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Bank of America increased their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.68.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $43.43 on Friday. 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 1 year low of $21.16 and a 1 year high of $46.63. The company has a 50 day simple moving average of $41.40 and a two-hundred day simple moving average of $33.16.

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

Vornado Realty Trust Company Profile

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