Pathstone Holdings LLC Has $3.49 Million Position in Vornado Realty Trust (NYSE:VNO)

Pathstone Holdings LLC trimmed its holdings in Vornado Realty Trust (NYSE:VNO) by 12.8% during the third quarter, Holdings Channel reports. The firm owned 88,480 shares of the real estate investment trust’s stock after selling 12,932 shares during the quarter. Pathstone Holdings LLC’s holdings in Vornado Realty Trust were worth $3,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VNO. Blue Trust Inc. increased its holdings in Vornado Realty Trust by 331.0% in the third 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. Assetmark Inc. grew its position 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 buying an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at $48,000. EverSource Wealth Advisors LLC lifted its position in shares of Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,018 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Vornado Realty Trust by 42.5% during 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. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

VNO opened at $42.42 on Monday. The firm’s fifty day moving average price is $41.07 and its two-hundred day moving average price is $32.82. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of -146.28 and a beta of 1.64. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a 1 year low of $21.16 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. As a group, analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VNO has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research note on Thursday, September 12th. Bank of America upped their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Piper Sandler reiterated a “neutral” rating and issued a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Barclays boosted their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.07.

About Vornado Realty Trust

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