EverSource Wealth Advisors LLC Boosts Position in Vornado Realty Trust (NYSE:VNO)

EverSource Wealth Advisors LLC boosted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 61.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,686 shares of the real estate investment trust’s stock after buying an additional 1,018 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Vornado Realty Trust were worth $77,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Pinebridge Investments L.P. acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $2,320,000. Waterloo Capital L.P. acquired a new stake in Vornado Realty Trust in the 4th quarter valued at $2,410,000. Sei Investments Co. grew its stake in Vornado Realty Trust by 5.7% in the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock valued at $13,501,000 after acquiring an additional 25,374 shares during the period. National Bank of Canada FI grew its stake in Vornado Realty Trust by 5.6% in the 4th quarter. National Bank of Canada FI now owns 850,000 shares of the real estate investment trust’s stock valued at $24,395,000 after acquiring an additional 44,700 shares during the period. Finally, Cibc World Markets Corp grew its stake in Vornado Realty Trust by 14.9% in the 4th quarter. Cibc World Markets Corp now owns 413,568 shares of the real estate investment trust’s stock valued at $11,683,000 after acquiring an additional 53,568 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Friday, May 24th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Scotiabank dropped their price target on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Compass Point reduced their price objective on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, BMO Capital Markets cut their target price on Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Six investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.27.

Vornado Realty Trust Trading Up 14.9 %

Shares of Vornado Realty Trust stock traded up $4.05 on Tuesday, reaching $31.32. The company had a trading volume of 2,842,764 shares, compared to its average volume of 2,000,975. The firm’s 50 day moving average price is $26.48 and its two-hundred day moving average price is $26.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $32.21. The firm has a market cap of $5.97 billion, a PE ratio of 203.33 and a beta of 1.64.

Insider Activity at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $28.19, for a total transaction of $56,380.00. Following the completion of the transaction, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.14% of the stock is owned by insiders.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.