Vornado Realty Trust (NYSE:VNO) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in Vornado Realty Trust (NYSE:VNO) by 122.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,202 shares of the real estate investment trust’s stock after purchasing an additional 661 shares during the quarter. Assetmark Inc.’s holdings in Vornado Realty Trust were worth $47,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its position in Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vornado Realty Trust during the second quarter worth approximately $48,000. Farther Finance Advisors LLC increased its position in shares of Vornado Realty Trust by 42.5% in the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 665 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Vornado Realty Trust by 61.0% in the first 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, GAMMA Investing LLC raised its stake in shares of Vornado Realty Trust by 12.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 500 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $40.29 on Tuesday. Vornado Realty Trust has a 52 week low of $21.16 and a 52 week high of $46.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The stock has a market cap of $7.68 billion, a P/E ratio of -138.97 and a beta of 1.64. The stock has a 50 day moving average of $40.41 and a 200-day moving average of $32.26.

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). The company had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. On average, analysts expect that Vornado Realty Trust will post 2.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on VNO. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Truist Financial raised their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Finally, Scotiabank lifted their price objective 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. Four research 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 MarketBeat.com, the stock presently has an average 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.