Quarry LP Acquires 761 Shares of Vornado Realty Trust (NYSE:VNO)

Quarry LP boosted its holdings in Vornado Realty Trust (NYSE:VNO) by 55.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,135 shares of the real estate investment trust’s stock after purchasing an additional 761 shares during the period. Quarry LP’s holdings in Vornado Realty Trust were worth $90,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 286 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 324 shares during the period. GAMMA Investing LLC boosted its position in Vornado Realty Trust by 8.1% during the 4th quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 356 shares during the period. Finally, Arizona State Retirement System grew its holdings in Vornado Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock worth $1,976,000 after acquiring an additional 373 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Piper Sandler lowered their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Compass Point boosted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Morgan Stanley lifted their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group boosted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Vornado Realty Trust Trading Down 3.3 %

Shares of NYSE:VNO opened at $35.16 on Wednesday. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The stock’s fifty day moving average price is $36.68 and its 200-day moving average price is $40.34. The company has a market cap of $6.75 billion, a P/E ratio of 879.00, a PEG ratio of 9.69 and a beta of 1.49. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly 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%. Sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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