Proficio Capital Partners LLC Purchases Shares of 114,399 Vornado Realty Trust (NYSE:VNO)

Proficio Capital Partners LLC acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,399 shares of the real estate investment trust’s stock, valued at approximately $4,809,000. Proficio Capital Partners LLC owned about 0.06% of Vornado Realty Trust as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in 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 purchasing an additional 661 shares during the last quarter. Victory Capital Management Inc. increased its position in Vornado Realty Trust by 18.6% during the 3rd quarter. Victory Capital Management Inc. now owns 63,580 shares of the real estate investment trust’s stock worth $2,505,000 after buying an additional 9,968 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Vornado Realty Trust by 34.3% during the third quarter. Metis Global Partners LLC now owns 17,062 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 4,357 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Vornado Realty Trust in the third quarter valued at about $222,000. Finally, Empowered Funds LLC acquired a new position in shares of Vornado Realty Trust in the third quarter valued at about $215,000. Institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on VNO. Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 25th. Barclays increased their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Morgan Stanley increased their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $38.13 on Tuesday. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock’s 50-day simple moving average is $40.64 and its 200 day simple moving average is $40.76. The firm has a market capitalization of $7.28 billion, a PE ratio of 953.23, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Profile

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