Infrastructure Capital Advisors LLC Makes New $98,000 Investment in Vornado Realty Trust (NYSE:VNO)

Infrastructure Capital Advisors LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the third quarter, HoldingsChannel.com reports. The firm acquired 2,500 shares of the real estate investment trust’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after buying an additional 149,017 shares during the period. Duff & Phelps Investment Management Co. grew its position in shares of Vornado Realty Trust by 45.0% during the 2nd 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 buying an additional 612,765 shares during the period. Bank of New York Mellon Corp grew its position in shares of Vornado Realty Trust by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,543,096 shares of the real estate investment trust’s stock worth $40,568,000 after buying an additional 24,322 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Vornado Realty Trust by 381.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock worth $47,492,000 after buying an additional 955,071 shares during the period. 90.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. Bank of America upped their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Compass Point upped their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Barclays upped their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Three investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.68.

Vornado Realty Trust Stock Down 1.3 %

VNO opened at $43.43 on Friday. Vornado Realty Trust has a 1-year low of $21.16 and a 1-year high of $46.63. The stock’s fifty day simple moving average is $41.49 and its 200 day simple moving average is $33.23. 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 stock has a market cap of $8.28 billion, a PE ratio of -149.76 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The business 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 revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. As a group, research analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

About Vornado Realty Trust

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