Vident Advisory LLC Raises Holdings in Vornado Realty Trust $VNO

Key Points

• Vident Advisory LLC raised its holdings in Vornado Realty Trust by 189.8%, owning a total of 22,217 shares valued at $822,000 after acquiring an additional 14,550 shares in the first quarter.
• Vornado Realty Trust's share price has been subject to various revisions, with analysts lowering price targets; Mizuho set a new target of $43.00 while maintaining an "outperform" rating.
• The real estate investment trust reported $0.56 earnings per share for the last quarter, exceeding estimates, but revenue declined 2.0% year-over-year, totaling $441.44 million against expectations of $468.79 million.

Vident Advisory LLC lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 189.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,217 shares of the real estate investment trust's stock after buying an additional 14,550 shares during the period. Vident Advisory LLC's holdings in Vornado Realty Trust were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. increased its stake in Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust's stock valued at $155,476,000 after purchasing an additional 1,067,284 shares in the last quarter. Deutsche Bank AG increased its stake in Vornado Realty Trust by 21.3% in the 1st quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust's stock valued at $109,228,000 after purchasing an additional 517,773 shares in the last quarter. Northern Trust Corp increased its stake in Vornado Realty Trust by 1.8% in the 1st quarter. Northern Trust Corp now owns 2,790,326 shares of the real estate investment trust's stock valued at $103,214,000 after purchasing an additional 49,197 shares in the last quarter. Earnest Partners LLC increased its stake in Vornado Realty Trust by 3.3% in the 1st quarter. Earnest Partners LLC now owns 2,666,190 shares of the real estate investment trust's stock valued at $98,622,000 after purchasing an additional 86,000 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its stake in Vornado Realty Trust by 32.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust's stock valued at $96,022,000 after purchasing an additional 632,721 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VNO has been the subject of several research analyst reports. Mizuho dropped their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Evercore ISI dropped their price objective on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Truist Financial boosted their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Bank of America decreased their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Finally, Scotiabank cut their target price on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and an average price target of $37.90.

Vornado Realty Trust Price Performance

VNO stock opened at $39.94 on Friday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 5.01 and a beta of 1.58. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The stock's fifty day simple moving average is $38.09 and its 200-day simple moving average is $37.87.

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

About Vornado Realty Trust

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

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