Cary Street Partners Financial LLC Buys New Shares in Vornado Realty Trust (NYSE:VNO)

Cary Street Partners Financial LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 14,035 shares of the real estate investment trust's stock, valued at approximately $590,000.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Vornado Realty Trust by 53.2% in the fourth 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 period. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust in the 4th quarter worth $32,000. FIL Ltd bought a new position in Vornado Realty Trust in the 4th quarter worth $49,000. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 286 shares during the period. Finally, Blue Trust Inc. raised its holdings in Vornado Realty Trust by 61.6% during the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 677 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com cut Vornado Realty Trust from a "hold" rating to a "sell" rating in a research report on Wednesday. Compass Point increased their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Barclays lifted their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Piper Sandler dropped their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Morgan Stanley lifted 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. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $38.00.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $38.74 on Friday. The company's 50-day moving average price is $36.30 and its 200-day moving average price is $40.13. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The company has a market cap of $7.44 billion, a PE ratio of 968.38, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The company had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts forecast 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.

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