Coldstream Capital Management Inc. Sells 982 Shares of Vornado Realty Trust (NYSE:VNO)

Coldstream Capital Management Inc. cut its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,912 shares of the real estate investment trust’s stock after selling 982 shares during the period. Coldstream Capital Management Inc.’s holdings in Vornado Realty Trust were worth $591,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. increased its stake in shares of Vornado Realty Trust by 8,355.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,504 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $40,000. Bruce G. Allen Investments LLC purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $50,000. Finally, Principal Securities Inc. purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $58,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNO has been the topic of several research analyst reports. Scotiabank reduced their target price on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. Evercore ISI reduced their price target on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, February 15th. Piper Sandler reduced their price target on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, May 13th. Barclays began coverage on Vornado Realty Trust in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 price target on the stock. Finally, Morgan Stanley raised Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Six investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $24.55.

Vornado Realty Trust Trading Down 2.3 %

NYSE VNO opened at $24.02 on Thursday. Vornado Realty Trust has a 12 month low of $12.82 and a 12 month high of $32.21. The stock has a market cap of $4.58 billion, a P/E ratio of 160.14 and a beta of 1.57. The stock’s fifty day moving average price is $26.39 and its 200-day moving average price is $26.28. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81.

Vornado Realty Trust 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.