791,560 Shares in Vornado Realty Trust $VNO Acquired by GRS Advisors LLC

GRS Advisors LLC acquired a new stake in Vornado Realty Trust (NYSE:VNO) during the third quarter, Holdings Channel.com reports. The fund acquired 791,560 shares of the real estate investment trust’s stock, valued at approximately $32,082,000. Vornado Realty Trust comprises about 3.0% of GRS Advisors LLC’s holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VNO. Westside Investment Management Inc. boosted its holdings in shares of Vornado Realty Trust by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth $39,000. BOKF NA raised its holdings in shares of Vornado Realty Trust by 1,257.1% during the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,056 shares in the last quarter. Spire Wealth Management lifted its position in shares of Vornado Realty Trust by 19.6% during the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 275 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Vornado Realty Trust by 238.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 1,443 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on VNO shares. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Barclays dropped their target price on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Mizuho reduced their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Scotiabank lowered their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Finally, Truist Financial dropped their price objective on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.90.

Vornado Realty Trust Trading Down 0.4%

Shares of VNO stock opened at $25.92 on Friday. The firm has a market capitalization of $4.94 billion, a P/E ratio of 6.19, a P/E/G ratio of 1.39 and a beta of 1.53. Vornado Realty Trust has a twelve month low of $25.28 and a twelve month high of $43.37. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The stock’s fifty day simple moving average is $30.54 and its 200 day simple moving average is $35.07.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $453.71 million during the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.Vornado Realty Trust’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.