Algert Global LLC Sells 68,792 Shares of Vornado Realty Trust (NYSE:VNO)

Algert Global LLC decreased its position in Vornado Realty Trust (NYSE:VNO) by 45.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 82,034 shares of the real estate investment trust’s stock after selling 68,792 shares during the period. Algert Global LLC’s holdings in Vornado Realty Trust were worth $3,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of VNO. Blue Trust Inc. raised its stake in shares of 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 valued at $43,000 after purchasing an additional 844 shares in the last quarter. Assetmark Inc. increased its holdings in Vornado Realty Trust by 122.2% in the 3rd 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 period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vornado Realty Trust during the 2nd quarter worth about $48,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,018 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Vornado Realty Trust by 42.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 665 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VNO. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Scotiabank raised their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Finally, Bank of America upped their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Vornado Realty Trust has an average rating of “Hold” and an average price target of $34.07.

Vornado Realty Trust Price Performance

Shares of VNO stock opened at $43.07 on Tuesday. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of -148.52 and a beta of 1.64. The firm’s 50 day moving average is $41.07 and its 200-day moving average is $32.82. Vornado Realty Trust has a 1 year low of $21.16 and a 1 year high of $46.63.

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

Vornado Realty Trust Company Profile

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