Entropy Technologies LP Takes Position in Vornado Realty Trust (NYSE:VNO)

Key Points

• Entropy Technologies LP has initiated a new position in Vornado Realty Trust, acquiring 11,954 shares valued at approximately $442,000.
• Vornado Realty Trust has received mixed ratings from analysts, with two buy ratings, seven hold ratings, and two sell ratings, along with an average target price of $37.80.
• The company recently reported an EPS of $0.56, exceeding analyst estimates, although it experienced a 2.0% decline in revenue year-over-year.

Entropy Technologies LP acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,954 shares of the real estate investment trust's stock, valued at approximately $442,000.

Several other large investors have also recently bought and sold shares of VNO. Envestnet Asset Management Inc. raised its position in shares of Vornado Realty Trust by 5.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 284,926 shares of the real estate investment trust's stock valued at $11,978,000 after acquiring an additional 14,843 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Vornado Realty Trust by 206.7% during the fourth quarter. Cerity Partners LLC now owns 52,417 shares of the real estate investment trust's stock worth $2,176,000 after buying an additional 35,324 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Vornado Realty Trust by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 77,058 shares of the real estate investment trust's stock worth $3,240,000 after buying an additional 480 shares during the period. Sterling Capital Management LLC boosted its position in shares of Vornado Realty Trust by 56.7% during the fourth quarter. Sterling Capital Management LLC now owns 10,471 shares of the real estate investment trust's stock worth $440,000 after buying an additional 3,790 shares during the period. Finally, Townsquare Capital LLC acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth about $210,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VNO. Scotiabank increased their price objective on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Evercore ISI cut their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Finally, Piper Sandler lifted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $37.80.

Vornado Realty Trust Price Performance

Shares of VNO traded up $0.12 during mid-day trading on Friday, reaching $37.17. The stock had a trading volume of 849,774 shares, compared to its average volume of 1,431,325. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 13.41 and a beta of 1.56. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The business has a fifty day moving average of $38.70 and a 200 day moving average of $38.33. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. Vornado Realty Trust's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. Equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.42% of the company's stock.

Vornado Realty Trust Profile

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