Arjuna Capital Makes New Investment in Vornado Realty Trust (NYSE:VNO)

Arjuna Capital bought a new position in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, Holdings Channel reports. The institutional investor bought 7,098 shares of the real estate investment trust’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently modified their holdings of VNO. Blue Trust Inc. increased its holdings in shares of Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 844 shares during the period. Assetmark Inc. increased its holdings in shares of 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 worth $47,000 after acquiring an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vornado Realty Trust in the 2nd quarter worth about $48,000. EverSource Wealth Advisors LLC increased its holdings in shares of Vornado Realty Trust by 61.0% in 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 increased its holdings in shares of Vornado Realty Trust by 42.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 665 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded up $0.11 during trading hours on Wednesday, hitting $43.02. 254,210 shares of the company’s stock traded hands, compared to its average volume of 2,015,372. Vornado Realty Trust has a 52 week low of $21.16 and a 52 week high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The company’s fifty day simple moving average is $39.94 and its two-hundred day simple moving average is $31.94.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter last year, the business posted $0.66 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Research analysts forecast that Vornado Realty Trust will post 2.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Scotiabank increased their target price 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. The Goldman Sachs Group increased their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Finally, BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Company Profile

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