Vornado Realty Trust (NYSE:VNO) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of Vornado Realty Trust (NYSE:VNO) by 84.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,648 shares of the real estate investment trust’s stock after selling 76,992 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Vornado Realty Trust were worth $538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VNO. Sei Investments Co. lifted its position in shares of Vornado Realty Trust by 5.7% during the first quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock worth $13,501,000 after purchasing an additional 25,374 shares in the last quarter. National Bank of Canada FI lifted its holdings in Vornado Realty Trust by 7.9% during the 1st quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock worth $26,385,000 after buying an additional 67,100 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Vornado Realty Trust in the 1st quarter valued at approximately $12,824,000. Bank of Montreal Can grew its stake in shares of Vornado Realty Trust by 2,229.1% in 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 in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Vornado Realty Trust by 33.3% during the second quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock worth $12,553,000 after acquiring an additional 120,902 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VNO shares. Bank of America lifted their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Barclays upped their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Finally, Evercore ISI boosted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday. 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 company presently has an average rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Price Performance

Shares of NYSE VNO opened at $45.75 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 5.21. The company has a market cap of $8.72 billion, a PE ratio of -157.76 and a beta of 1.64. The stock has a fifty day moving average price of $39.54 and a 200 day moving average price of $31.62. Vornado Realty Trust has a 1-year low of $19.63 and a 1-year high of $45.90.

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 the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Vornado Realty Trust’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current year.

About Vornado Realty Trust

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