Ellevest Inc. Sells 327 Shares of Vornado Realty Trust (NYSE:VNO)

Ellevest Inc. cut its stake in Vornado Realty Trust (NYSE:VNO) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,679 shares of the real estate investment trust’s stock after selling 327 shares during the quarter. Ellevest Inc.’s holdings in Vornado Realty Trust were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VNO. ORG Wealth Partners LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. boosted its stake in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 268 shares during the period. FIL Ltd purchased a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $49,000. Assetmark Inc. grew its stake in Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 286 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Vornado Realty Trust by 61.6% in the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 677 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VNO. Barclays upped their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. Piper Sandler dropped their price objective on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group lifted their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 25th. StockNews.com lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Compass Point raised their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Vornado Realty Trust Trading Up 0.3 %

Shares of NYSE:VNO opened at $38.84 on Friday. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 971.00, a PEG ratio of 9.69 and a beta of 1.47. The business has a 50-day moving average price of $36.29 and a 200-day moving average price of $40.08.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analysts’ expectations of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. Equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

About Vornado Realty Trust

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