Vornado Realty Trust (NYSE:VNO) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in Vornado Realty Trust (NYSE:VNO) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,036 shares of the real estate investment trust’s stock after acquiring an additional 553 shares during the quarter. Park Avenue Securities LLC’s holdings in Vornado Realty Trust were worth $289,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Green Alpha Advisors LLC grew its position in shares of Vornado Realty Trust by 11.2% in the 1st quarter. Green Alpha Advisors LLC now owns 66,574 shares of the real estate investment trust’s stock worth $1,915,000 after acquiring an additional 6,691 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Vornado Realty Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 750 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Vornado Realty Trust in the 4th quarter worth approximately $165,000. Nomura Holdings Inc. grew its position in shares of Vornado Realty Trust by 2,410.2% in the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock worth $27,488,000 after acquiring an additional 934,271 shares in the last quarter. Finally, Prospect Financial Services LLC acquired a new position in shares of Vornado Realty Trust in the 4th quarter worth approximately $1,426,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 3.0 %

Shares of Vornado Realty Trust stock opened at $25.50 on Tuesday. The business’s fifty day moving average price is $25.02 and its two-hundred day moving average price is $26.42. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.97 and a quick ratio of 4.97. The company has a market capitalization of $4.86 billion, a P/E ratio of 170.01 and a beta of 1.64. Vornado Realty Trust has a 1-year low of $17.28 and a 1-year high of $32.21.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VNO. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Thursday, June 27th. Piper Sandler reduced their price objective on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, May 13th. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $24.00 to $26.00 in a research report on Thursday, March 28th. Scotiabank reduced their price objective on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Finally, Compass Point reduced their price objective on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.27.

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.