Vornado Realty Trust (NYSE:VNO) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its position in Vornado Realty Trust (NYSE:VNO) by 13.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,822 shares of the real estate investment trust’s stock after selling 1,826 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Vornado Realty Trust were worth $497,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Vornado Realty Trust in the 4th quarter worth $235,000. Assetmark Inc. raised its stake in Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 286 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Vornado Realty Trust by 6.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock valued at $9,321,000 after buying an additional 12,780 shares during the last quarter. Blue Trust Inc. boosted its holdings in Vornado Realty Trust by 61.6% in the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 677 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 324 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VNO shares. Barclays upped their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Wall Street Zen raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. The Goldman Sachs Group upped their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, March 14th. Finally, Piper Sandler boosted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.91.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president now directly owns 30,000 shares of the company’s stock, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.42% of the stock is owned by corporate insiders.

Vornado Realty Trust Stock Performance

VNO opened at $41.05 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 12-month low of $24.45 and a 12-month high of $46.63. The firm has a 50 day moving average of $37.06 and a two-hundred day moving average of $39.51. The firm has a market capitalization of $7.88 billion, a PE ratio of 1,026.25, a P/E/G ratio of 9.69 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Profile

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