Bfsg LLC Sells 910 Shares of Vornado Realty Trust (NYSE:VNO)

Bfsg LLC lessened its stake in shares of Vornado Realty Trust (NYSE:VNO) by 15.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,121 shares of the real estate investment trust’s stock after selling 910 shares during the quarter. Bfsg LLC’s holdings in Vornado Realty Trust were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Vornado Realty Trust by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,196,145 shares of the real estate investment trust’s stock valued at $178,264,000 after acquiring an additional 44,147 shares in the last quarter. Duff & Phelps Investment Management Co. grew its holdings in shares of Vornado Realty Trust by 45.0% during the second 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 purchasing an additional 612,765 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Vornado Realty Trust by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,543,096 shares of the real estate investment trust’s stock valued at $40,568,000 after buying an additional 24,322 shares during the period. Castle Hook Partners LP increased its stake in shares of Vornado Realty Trust by 66.9% in the first quarter. Castle Hook Partners LP now owns 926,962 shares of the real estate investment trust’s stock valued at $26,669,000 after buying an additional 371,517 shares during the period. Finally, National Bank of Canada FI raised its holdings in Vornado Realty Trust by 7.9% in the 1st quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock valued at $26,385,000 after buying an additional 67,100 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on VNO shares. Compass Point lifted their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Scotiabank lifted their target price on Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th. Barclays increased their price target on Vornado Realty Trust from $21.00 to $27.00 and gave the company an “underweight” rating in a research note on Wednesday, August 14th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Finally, Evercore ISI upped their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $30.43.

Vornado Realty Trust Trading Up 1.9 %

VNO opened at $42.25 on Friday. The company has a fifty day moving average price of $36.30 and a two-hundred day moving average price of $29.86. Vornado Realty Trust has a 1-year low of $18.36 and a 1-year high of $42.64. The company has a market cap of $8.05 billion, a P/E ratio of 469.44 and a beta of 1.65. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts predict that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.

About Vornado Realty Trust

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