Everpar Advisors LLC Invests $231,000 in Vornado Realty Trust (NYSE:VNO)

Everpar Advisors LLC bought a new stake in Vornado Realty Trust (NYSE:VNO) during the 4th quarter, Holdings Channel.com reports. The firm bought 8,177 shares of the real estate investment trust’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VNO. Vanguard Group Inc. boosted its stake in shares of Vornado Realty Trust by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock valued at $554,726,000 after purchasing an additional 116,504 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Vornado Realty Trust during the 3rd quarter worth about $132,326,000. Deutsche Bank AG raised its position in shares of Vornado Realty Trust by 141.9% in the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock worth $96,128,000 after acquiring an additional 2,486,439 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Vornado Realty Trust by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,623,058 shares of the real estate investment trust’s stock valued at $74,101,000 after purchasing an additional 76,882 shares during the period. Finally, Earnest Partners LLC boosted its position in shares of Vornado Realty Trust by 3.5% during the 3rd quarter. Earnest Partners LLC now owns 2,603,909 shares of the real estate investment trust’s stock valued at $59,057,000 after purchasing an additional 89,067 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $23.71 on Thursday. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $32.21. The firm has a market capitalization of $4.52 billion, a P/E ratio of 158.07 and a beta of 1.57. The business’s fifty day simple moving average is $26.69 and its 200 day simple moving average is $25.97. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $441.89 million for the quarter, compared to analysts’ expectations of $453.82 million. Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. As a group, analysts anticipate that Vornado Realty Trust will post 2.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VNO shares. Compass Point cut their price target on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays assumed coverage on shares of Vornado Realty Trust in a report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price objective on the stock. Evercore ISI reduced their target price on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, February 15th. The Goldman Sachs Group dropped their price target on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, February 22nd. Finally, Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $25.00.

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.