Crestline Management LP Invests $1.58 Million in Vornado Realty Trust (NYSE:VNO)

Crestline Management LP acquired a new position in Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,472 shares of the real estate investment trust's stock, valued at approximately $1,575,000.

A number of other institutional investors also recently bought and sold shares of VNO. Tidal Investments LLC purchased a new stake in Vornado Realty Trust in the third quarter worth about $258,000. Principal Financial Group Inc. increased its holdings in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after acquiring an additional 2,286,997 shares in the last quarter. GAMMA Investing LLC raised its stake in Vornado Realty Trust by 8.1% during the 4th quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust's stock worth $200,000 after acquiring an additional 356 shares during the period. ORG Wealth Partners LLC purchased a new position in Vornado Realty Trust during the fourth quarter valued at approximately $32,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at $4,015,000. 90.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on VNO. Morgan Stanley raised their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Barclays upped their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. 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, The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $38.00.

Vornado Realty Trust Trading Down 0.4 %

Shares of VNO stock opened at $38.74 on Friday. 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 1 year low of $22.42 and a 1 year high of $46.63. The stock's 50 day simple moving average is $36.30 and its two-hundred day simple moving average is $40.13. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. Research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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

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