Vornado Realty Trust (NYSE:VNO) Position Lowered by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its stake in shares of Vornado Realty Trust (NYSE:VNO) by 30.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,318 shares of the real estate investment trust’s stock after selling 4,422 shares during the period. Summit Trail Advisors LLC’s holdings in Vornado Realty Trust were worth $407,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VNO. Thrivent Financial for Lutherans lifted its holdings in Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after acquiring an additional 272 shares during the last quarter. US Bancorp DE lifted its holdings in Vornado Realty Trust by 1.8% in the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 311 shares during the last quarter. Vert Asset Management LLC lifted its holdings in Vornado Realty Trust by 0.5% in the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock worth $2,690,000 after acquiring an additional 324 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Vornado Realty Trust by 12.8% in the third quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 500 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Vornado Realty Trust by 1.3% in the third quarter. Louisiana State Employees Retirement System now owns 45,900 shares of the real estate investment trust’s stock worth $1,808,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

NYSE VNO opened at $43.99 on Wednesday. Vornado Realty Trust has a 12 month low of $21.16 and a 12 month high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a market capitalization of $8.39 billion, a PE ratio of -151.67 and a beta of 1.64. The company’s 50 day simple moving average is $41.18 and its 200 day simple moving average is $32.95.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. During the same quarter in the prior year, the business earned $0.66 EPS. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VNO shares. The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. Truist Financial raised their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Barclays raised their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Scotiabank raised their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $34.07.

About Vornado Realty Trust

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