Creative Planning Has $1.22 Million Position in Vornado Realty Trust (NYSE:VNO)

Creative Planning lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,971 shares of the real estate investment trust’s stock after purchasing an additional 4,389 shares during the quarter. Creative Planning’s holdings in Vornado Realty Trust were worth $1,220,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VNO. State of Michigan Retirement System increased its position in shares of Vornado Realty Trust by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 39,300 shares of the real estate investment trust’s stock worth $1,131,000 after purchasing an additional 900 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Vornado Realty Trust by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after purchasing an additional 531 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Vornado Realty Trust by 3.3% during the 1st quarter. Van ECK Associates Corp now owns 72,335 shares of the real estate investment trust’s stock worth $2,081,000 after purchasing an additional 2,311 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Vornado Realty Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after purchasing an additional 527 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Vornado Realty Trust during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VNO shares. Evercore ISI lifted their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Barclays lifted their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. The Goldman Sachs Group lifted their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research note on Thursday, September 12th. Finally, Bank of America lifted their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.80.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $42.52 on Thursday. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The business has a 50-day simple moving average of $38.14 and a 200 day simple moving average of $30.74. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $44.05. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 475.22 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The business had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. On average, research analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

About Vornado Realty Trust

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