HighTower Advisors LLC Sells 3,568 Shares of Vornado Realty Trust (NYSE:VNO)

HighTower Advisors LLC lowered its stake in Vornado Realty Trust (NYSE:VNO) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,435 shares of the real estate investment trust’s stock after selling 3,568 shares during the quarter. HighTower Advisors LLC’s holdings in Vornado Realty Trust were worth $943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new position in Vornado Realty Trust in the fourth quarter valued at about $302,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vornado Realty Trust by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,125 shares of the real estate investment trust’s stock valued at $4,419,000 after acquiring an additional 35,810 shares during the period. Arjuna Capital raised its position in shares of Vornado Realty Trust by 84.0% in the 4th quarter. Arjuna Capital now owns 13,060 shares of the real estate investment trust’s stock valued at $549,000 after acquiring an additional 5,962 shares during the period. Edgestream Partners L.P. bought a new position in Vornado Realty Trust during the 4th quarter worth approximately $4,232,000. Finally, Callan Family Office LLC acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $205,000. 90.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VNO has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Compass Point lifted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Truist Financial boosted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Trading Down 1.6 %

Shares of Vornado Realty Trust stock opened at $38.69 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The business has a fifty day simple moving average of $40.49 and a two-hundred day simple moving average of $40.99. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 967.13, a P/E/G ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) 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%. Research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Profile

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