Kestra Investment Management LLC Purchases Shares of 7,766 Vornado Realty Trust (NYSE:VNO)

Kestra Investment Management LLC acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) in the third quarter, HoldingsChannel reports. The fund acquired 7,766 shares of the real estate investment trust’s stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position in Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 844 shares during the period. Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vornado Realty Trust during the 2nd quarter worth approximately $48,000. Farther Finance Advisors LLC raised its holdings in 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 valued at $88,000 after buying an additional 665 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Vornado Realty Trust during the third quarter valued at approximately $88,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $42.73 on Tuesday. Vornado Realty Trust has a 52 week low of $22.42 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 50 day moving average of $41.65 and a 200-day moving average of $33.60.

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. Equities analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

VNO has been the subject of several recent research reports. Scotiabank increased their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Piper Sandler restated a “neutral” rating and set a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Compass Point increased their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Truist Financial boosted their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and a consensus target price of $35.68.

Vornado Realty Trust Profile

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