Steward Partners Investment Advisory LLC Lowers Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Steward Partners Investment Advisory LLC reduced its stake in Vornado Realty Trust (NYSE:VNO) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,050 shares of the real estate investment trust’s stock after selling 1,050 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Vornado Realty Trust were worth $717,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of VNO. ORG Wealth Partners LLC purchased a new stake in shares of Vornado Realty Trust in the fourth quarter valued at approximately $32,000. UMB Bank n.a. boosted its stake in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 872 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Vornado Realty Trust by 122.2% in the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Vornado Realty Trust in the third quarter valued at approximately $54,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on VNO. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Compass Point lifted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 25th. Finally, Truist Financial boosted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. 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’s stock. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $36.38 on Wednesday. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 909.43, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The business has a fifty day moving average of $41.11 and a 200-day moving average of $40.70. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

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

Vornado Realty Trust Company Profile

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