Vornado Realty Trust (NYSE:VNO) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC trimmed its stake in Vornado Realty Trust (NYSE:VNO) by 13.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,291 shares of the real estate investment trust’s stock after selling 349 shares during the period. EverSource Wealth Advisors LLC’s holdings in Vornado Realty Trust were worth $96,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after buying an additional 3,575,593 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after acquiring an additional 2,468,652 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust during the third quarter valued at approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after acquiring an additional 955,071 shares in the last quarter. Finally, Heitman Real Estate Securities LLC boosted its stake in Vornado Realty Trust by 2,021.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock worth $39,181,000 after purchasing an additional 947,562 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 1.1 %

VNO stock opened at $37.73 on Wednesday. The firm has a market cap of $7.20 billion, a PE ratio of 943.15, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a fifty day simple moving average of $40.53 and a 200 day simple moving average of $40.81. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Sell-side analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VNO shares. Barclays increased their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Compass Point raised their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Truist Financial boosted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Profile

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