Blue Trust Inc. Has $43,000 Stake in Vornado Realty Trust (NYSE:VNO)

Blue Trust Inc. increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 331.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,099 shares of the real estate investment trust’s stock after buying an additional 844 shares during the period. Blue Trust Inc.’s holdings in Vornado Realty Trust were worth $43,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VNO. Bank of Montreal Can increased its stake in 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 valued at $22,502,000 after purchasing an additional 818,838 shares in the last quarter. Natixis acquired a new position in shares of Vornado Realty Trust in the first quarter valued at approximately $21,564,000. Duff & Phelps Investment Management Co. boosted its holdings in Vornado Realty Trust by 45.0% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock worth $51,875,000 after purchasing an additional 612,765 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Vornado Realty Trust by 324.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock worth $20,292,000 after purchasing an additional 590,176 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Vornado Realty Trust during the first quarter worth $12,824,000. 90.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank increased their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Piper Sandler reaffirmed a “neutral” rating and set a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. Compass Point raised their target price on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Truist Financial raised their price target on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.80.

Vornado Realty Trust Stock Down 0.4 %

Vornado Realty Trust stock opened at $41.23 on Friday. The firm has a 50 day moving average price of $38.45 and a two-hundred day moving average price of $30.90. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 463.56 and a beta of 1.65. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. Vornado Realty Trust has a 52-week low of $19.63 and a 52-week high of $44.05.

Vornado Realty Trust (NYSE:VNO) last announced 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 business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. Equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Company Profile

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