SG Americas Securities LLC Has $748,000 Position in Vornado Realty Trust (NYSE:VNO)

SG Americas Securities LLC lessened its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,463 shares of the real estate investment trust's stock after selling 62,748 shares during the quarter. SG Americas Securities LLC's holdings in Vornado Realty Trust were worth $748,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Gotham Asset Management LLC increased its position in Vornado Realty Trust by 16.8% in the third quarter. Gotham Asset Management LLC now owns 321,993 shares of the real estate investment trust's stock worth $7,303,000 after buying an additional 46,316 shares in the last quarter. Rush Island Management LP purchased a new stake in Vornado Realty Trust in the third quarter worth about $27,901,000. Vanguard Group Inc. increased its position in Vornado Realty Trust by 0.5% in the third quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust's stock worth $554,726,000 after buying an additional 116,504 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Vornado Realty Trust by 50.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 215,608 shares of the real estate investment trust's stock worth $4,890,000 after buying an additional 72,750 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Vornado Realty Trust in the third quarter worth about $1,158,000. Hedge funds and other institutional investors own 90.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VNO. BMO Capital Markets upgraded Vornado Realty Trust from an "underperform" rating to a "market perform" rating and upped their price target for the stock from $25.00 to $31.00 in a research report on Friday, December 15th. Truist Financial increased their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "hold" rating in a research report on Wednesday, December 20th. Piper Sandler increased their target price on Vornado Realty Trust from $16.00 to $25.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 20th. The Goldman Sachs Group cut their target price on Vornado Realty Trust from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Thursday, February 22nd. Finally, Morgan Stanley upgraded Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Six analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, Vornado Realty Trust has a consensus rating of "Hold" and an average target price of $24.80.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock traded up $0.63 during midday trading on Wednesday, reaching $27.84. 1,800,298 shares of the stock traded hands, compared to its average volume of 2,290,801. The stock's fifty day moving average is $26.52 and its 200-day moving average is $25.19. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $32.21. The stock has a market cap of $5.30 billion, a P/E ratio of 121.04 and a beta of 1.57. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.55). The firm had revenue of $441.89 million for the quarter, compared to the consensus estimate of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. Vornado Realty Trust's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.3 EPS for the current year.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.