Harvest Fund Management Co. Ltd Makes New $219,000 Investment in Vornado Realty Trust (NYSE:VNO)

Harvest Fund Management Co. Ltd acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,548 shares of the real estate investment trust’s stock, valued at approximately $219,000.

A number of other hedge funds also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. increased its holdings in Vornado Realty Trust by 9.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,187 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 1,013 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Vornado Realty Trust in the first quarter valued at about $1,429,000. Cetera Advisors LLC purchased a new stake in shares of Vornado Realty Trust during the 1st quarter valued at about $219,000. EverSource Wealth Advisors LLC lifted 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 worth $77,000 after acquiring an additional 1,018 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Vornado Realty Trust in the second quarter valued at approximately $4,878,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VNO. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Scotiabank lifted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Compass Point increased their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Trading Up 2.1 %

Shares of NYSE:VNO opened at $43.99 on Wednesday. Vornado Realty Trust has a fifty-two week low of $21.16 and a fifty-two week high of $46.63. The firm has a 50-day simple moving average of $41.18 and a 200 day simple moving average of $32.95. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, sell-side analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

About Vornado Realty Trust

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