Valley Brook Capital Group Inc. Takes Position in Vornado Realty Trust (NYSE:VNO)

Valley Brook Capital Group Inc. bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 11,200 shares of the real estate investment trust’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Vornado Realty Trust during the fourth quarter worth $40,000. Financial Gravity Asset Management Inc. lifted its stake in Vornado Realty Trust by 8,355.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,504 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in Vornado Realty Trust during the fourth quarter worth $50,000. Finally, Selway Asset Management bought a new position in Vornado Realty Trust during the third quarter worth $45,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VNO. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Evercore ISI reduced their price objective on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, February 15th. Barclays initiated coverage on Vornado Realty Trust in a research note on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price objective on the stock. Finally, The Goldman Sachs Group cut their target price on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, February 22nd. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $24.80.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO traded up $0.05 during trading on Friday, reaching $26.23. The company had a trading volume of 2,586,918 shares, compared to its average volume of 1,926,262. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95. The firm has a market capitalization of $5.00 billion, a PE ratio of 114.04 and a beta of 1.57. The firm’s fifty day moving average is $26.71 and its 200 day moving average is $25.92.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The firm had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts forecast 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.