Vornado Realty Trust (NYSE:VNO) Position Raised by Entropy Technologies LP

Entropy Technologies LP raised its position in shares of Vornado Realty Trust (NYSE:VNO) by 92.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,670 shares of the real estate investment trust’s stock after purchasing an additional 11,386 shares during the quarter. Entropy Technologies LP’s holdings in Vornado Realty Trust were worth $933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VNO. Principal Financial Group Inc. grew its position in Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares during the last quarter. Bank of Montreal Can increased its position in shares of Vornado Realty Trust by 2,229.1% in the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after acquiring an additional 818,838 shares in the last quarter. Natixis acquired a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $21,564,000. Duff & Phelps Investment Management Co. grew its position in Vornado Realty Trust by 45.0% during the 2nd 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 in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Vornado Realty Trust by 324.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock valued at $20,292,000 after purchasing an additional 590,176 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on VNO. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. The Goldman Sachs Group increased their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. Bank of America raised their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Barclays increased their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Finally, Truist Financial boosted their price target on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO opened at $42.07 on Thursday. The business’s 50-day simple moving average is $40.11 and its 200-day simple moving average is $32.01. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a 52 week low of $21.16 and a 52 week high of $46.63. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of -145.07 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate 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 company had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. During the same quarter last year, the business earned $0.66 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts expect that Vornado Realty Trust will post 2.15 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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