Victory Capital Management Inc. Buys 9,968 Shares of Vornado Realty Trust (NYSE:VNO)

Victory Capital Management Inc. increased its stake in Vornado Realty Trust (NYSE:VNO) by 18.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,580 shares of the real estate investment trust’s stock after buying an additional 9,968 shares during the period. Victory Capital Management Inc.’s holdings in Vornado Realty Trust were worth $2,505,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares during the period. Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 122.2% during 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vornado Realty Trust during the second quarter valued at approximately $48,000. EverSource Wealth Advisors LLC grew its holdings in shares of Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,018 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Vornado Realty Trust by 42.5% during the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 665 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Piper Sandler reiterated a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Compass Point increased their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Scotiabank increased their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Finally, Barclays increased their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Trading Up 2.4 %

NYSE:VNO opened at $42.42 on Friday. The firm has a 50-day simple moving average of $41.07 and a 200-day simple moving average of $32.69. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a one year low of $21.16 and a one year high of $46.63. The firm has a market cap of $8.09 billion, a P/E ratio of -146.28 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. During the same period in the previous year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Profile

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