Vornado Realty Trust (NYSE:VNO) Trading Up 7%

Vornado Realty Trust (NYSE:VNO)’s share price was up 7% during trading on Tuesday . The stock traded as high as $29.23 and last traded at $29.17. Approximately 30,418 shares changed hands during trading, a decline of 98% from the average daily volume of 1,982,226 shares. The stock had previously closed at $27.27.

Analysts Set New Price Targets

Several equities research analysts recently commented on VNO shares. Compass Point cut their target price on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Piper Sandler cut their price target on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, May 13th. Scotiabank cut their price target on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. BMO Capital Markets cut their price target on Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating on the stock in a report on Wednesday, June 12th. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.27.

Vornado Realty Trust Stock Up 12.9 %

The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $5.86 billion, a PE ratio of 203.33 and a beta of 1.64. The stock has a 50-day moving average of $26.48 and a 200 day moving average of $26.38.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the sale, the director now directly owns 3,034 shares in the company, valued at $85,528.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.14% of the company’s stock.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Vornado Realty Trust in the 4th quarter worth about $40,000. Fidelis Capital Partners LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter valued at about $55,000. Principal Securities Inc. bought a new position in Vornado Realty Trust during the 4th quarter valued at approximately $58,000. EverSource Wealth Advisors LLC raised its position in Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Vornado Realty Trust during the 4th quarter valued at approximately $116,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

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.