US Bancorp DE Has $691,000 Holdings in Vornado Realty Trust (NYSE:VNO)

US Bancorp DE grew its holdings in Vornado Realty Trust (NYSE:VNO) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,529 shares of the real estate investment trust’s stock after buying an additional 311 shares during the period. US Bancorp DE’s holdings in Vornado Realty Trust were worth $691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Vornado Realty Trust by 331.0% in the 3rd 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. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vornado Realty Trust in the second quarter valued at $48,000. EverSource Wealth Advisors LLC raised its position in shares of Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Vornado Realty Trust by 98.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,972 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 2,465 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Vornado Realty Trust by 12.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 500 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Trading Up 2.2 %

Shares of Vornado Realty Trust stock opened at $45.76 on Friday. The company has a quick ratio of 5.21, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12-month low of $19.63 and a 12-month high of $45.90. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of -157.79 and a beta of 1.64. The firm’s 50-day moving average price is $39.54 and its two-hundred day moving average price is $31.65.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (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 firm had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VNO shares. Bank of America increased their price target on shares of 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 lifted their price target for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Compass Point increased their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Truist Financial boosted their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Four equities research 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.com, the company currently has a consensus rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Company Profile

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