Vornado Realty Trust (NYSE:VNO) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its holdings in Vornado Realty Trust (NYSE:VNO) by 92.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,670 shares of the real estate investment trust’s stock after purchasing an additional 11,386 shares during the period. Entropy Technologies LP’s holdings in Vornado Realty Trust were worth $933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VNO. Envestnet Portfolio Solutions Inc. increased its stake in shares of Vornado Realty Trust by 3.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 386 shares during the last quarter. Sei Investments Co. increased its position in shares of 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 worth $13,501,000 after purchasing an additional 25,374 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Vornado Realty Trust by 5.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 217,050 shares of the real estate investment trust’s stock valued at $6,245,000 after purchasing an additional 10,244 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Vornado Realty Trust during the first quarter worth about $12,824,000. Finally, National Bank of Canada FI grew its stake in Vornado Realty Trust by 7.9% in the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock worth $26,385,000 after purchasing an additional 67,100 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on VNO shares. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Tuesday. Compass Point raised their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Truist Financial increased their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Evercore ISI lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Bank of America increased their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $42.07 on Thursday. Vornado Realty Trust has a 12-month low of $21.16 and a 12-month high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of -145.07 and a beta of 1.64. The business has a 50 day simple moving average of $40.11 and a 200 day simple moving average of $32.01.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same period in the previous year, the company posted $0.66 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.15 EPS for the current year.

Vornado Realty Trust Company Profile

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