Vornado Realty Trust (NYSE:VNO) Shares Up 3.2%

Vornado Realty Trust (NYSE:VNO) shares shot up 3.2% during trading on Tuesday . The stock traded as high as $25.70 and last traded at $25.70. 635,720 shares changed hands during trading, a decline of 84% from the average session volume of 3,962,756 shares. The stock had previously closed at $24.91.

Analysts Set New Price Targets

VNO has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of Vornado Realty Trust from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. StockNews.com cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Truist Financial cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and lifted their price objective for the company from $22.00 to $27.00 in a research note on Friday. Finally, Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $21.00 to $25.00 and gave the company an “in-line” rating in a research note on Wednesday, August 16th. Six analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.40.

Vornado Realty Trust Trading Up 2.1 %

The company has a market cap of $4.85 billion, a price-to-earnings ratio of -11.02 and a beta of 1.47. The business’s fifty day moving average price is $22.38 and its 200 day moving average price is $17.75. The company has a debt-to-equity ratio of 1.72, a current ratio of 4.15 and a quick ratio of 4.15.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of VNO. Belpointe Asset Management LLC acquired a new position in shares of Vornado Realty Trust during the fourth quarter valued at about $30,000. FNY Investment Advisers LLC acquired a new position in shares of Vornado Realty Trust during the first quarter valued at about $33,000. SOA Wealth Advisors LLC. raised its holdings in shares of Vornado Realty Trust by 55.5% during the first quarter. SOA Wealth Advisors LLC. now owns 2,494 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 890 shares during the period. Spire Wealth Management raised its holdings in shares of Vornado Realty Trust by 158.8% during the first quarter. Spire Wealth Management now owns 2,580 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,583 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Vornado Realty Trust by 170.0% during the first quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 804 shares during the period. Institutional investors and hedge funds own 75.86% of the company’s stock.

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.