5,447 Shares in Vornado Realty Trust (NYSE:VNO) Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,447 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after buying an additional 2,286,997 shares in the last quarter. Bank of Montreal Can raised its position in Vornado Realty Trust by 2,229.1% during the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after acquiring an additional 818,838 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in Vornado Realty Trust by 45.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock valued at $51,875,000 after purchasing an additional 612,765 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Vornado Realty Trust by 324.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock valued at $20,292,000 after purchasing an additional 590,176 shares during the period. Finally, Jupiter Asset Management Ltd. increased its stake in shares of Vornado Realty Trust by 91.3% during the second quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock worth $22,418,000 after purchasing an additional 406,965 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VNO has been the topic of a number of research reports. Barclays raised their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Compass Point raised their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Price Performance

Shares of VNO opened at $43.99 on Wednesday. The stock has a fifty day simple moving average of $41.18 and a two-hundred day simple moving average of $32.95. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 52-week low of $21.16 and a 52-week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results 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 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%. Vornado Realty Trust’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Profile

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