First National Bank Sioux Falls Acquires 1,704 Shares of Vornado Realty Trust (NYSE:VNO)

First National Bank Sioux Falls boosted its position in Vornado Realty Trust (NYSE:VNO) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,815 shares of the real estate investment trust’s stock after purchasing an additional 1,704 shares during the period. First National Bank Sioux Falls’ holdings in Vornado Realty Trust were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in Vornado Realty Trust in the fourth quarter worth $26,000. Financial Gravity Asset Management Inc. increased its position in Vornado Realty Trust by 8,355.6% in 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 buying an additional 1,504 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Vornado Realty Trust by 49.8% in the third quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 556 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Vornado Realty Trust in the fourth quarter valued at $40,000. Finally, Selway Asset Management purchased a new position in shares of Vornado Realty Trust in the third quarter valued at $45,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on VNO shares. The Goldman Sachs Group reduced their target price on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, February 22nd. Evercore ISI reduced their target price on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, February 15th. Barclays started coverage on Vornado Realty Trust in a research report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 target price for the company. TheStreet upgraded Vornado Realty Trust from a “d+” rating to a “c-” rating in a research report on Thursday, December 28th. Finally, Morgan Stanley raised Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $24.80.

Vornado Realty Trust Trading Up 2.4 %

NYSE:VNO traded up $0.63 during mid-day trading on Tuesday, reaching $27.22. 1,289,957 shares of the company’s stock traded hands, compared to its average volume of 2,242,708. Vornado Realty Trust has a 12-month low of $12.31 and a 12-month high of $32.21. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 119.30 and a beta of 1.57. The company has a debt-to-equity ratio of 1.82, a current ratio of 4.95 and a quick ratio of 4.95. The company has a 50 day moving average price of $26.55 and a 200-day moving average price of $25.62.

Vornado Realty Trust (NYSE:VNO) last announced its 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). The firm had revenue of $441.89 million during the quarter, compared to the consensus estimate of $453.82 million. Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. On average, sell-side analysts predict that Vornado Realty Trust will post 2.3 earnings per share for the current year.

About Vornado Realty Trust

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.