Metis Global Partners LLC Increases Stake in Vornado Realty Trust (NYSE:VNO)

Metis Global Partners LLC increased its holdings in Vornado Realty Trust (NYSE:VNO) by 34.3% in the third quarter, Holdings Channel reports. The fund owned 17,062 shares of the real estate investment trust’s stock after purchasing an additional 4,357 shares during the quarter. Metis Global Partners LLC’s holdings in Vornado Realty Trust were worth $672,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VNO. National Bank of Canada FI increased its holdings in Vornado Realty Trust by 7.9% during the first 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 period. Bank of Montreal Can lifted its stake in shares of Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after purchasing an additional 818,838 shares during the last quarter. Hsbc Holdings PLC boosted its position in Vornado Realty Trust by 33.3% during the second quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock valued at $12,553,000 after purchasing an additional 120,902 shares in the last quarter. Atria Investments Inc purchased a new position in Vornado Realty Trust in the first quarter valued at about $1,429,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Vornado Realty Trust by 598.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 90,640 shares of the real estate investment trust’s stock worth $2,383,000 after purchasing an additional 77,668 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore ISI raised 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. Compass Point increased their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Truist Financial lifted their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. BMO Capital Markets upgraded shares of 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, Scotiabank upped their target price on 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. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Trading Down 2.5 %

VNO stock opened at $40.61 on Monday. Vornado Realty Trust has a 52-week low of $21.16 and a 52-week high of $46.63. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The firm has a market cap of $7.74 billion, a P/E ratio of -140.03 and a beta of 1.64. The company’s 50-day simple moving average is $40.41 and its 200-day simple moving average is $32.26.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter last year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Vornado Realty Trust will post 2.15 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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