Signaturefd LLC Raises Stake in Vornado Realty Trust (NYSE:VNO)

Signaturefd LLC raised its position in Vornado Realty Trust (NYSE:VNO) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,168 shares of the real estate investment trust’s stock after acquiring an additional 805 shares during the quarter. Signaturefd LLC’s holdings in Vornado Realty Trust were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its stake in Vornado Realty Trust by 2.8% in the third quarter. Greenleaf Trust now owns 19,064 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 516 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Vornado Realty Trust by 49.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 556 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Vornado Realty Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 46,439 shares of the real estate investment trust’s stock worth $1,053,000 after buying an additional 628 shares during the last quarter. Wealthspire Advisors LLC lifted its position in shares of Vornado Realty Trust by 1.9% during the 3rd quarter. Wealthspire Advisors LLC now owns 33,928 shares of the real estate investment trust’s stock worth $769,000 after buying an additional 638 shares during the last quarter. Finally, Jeppson Wealth Management LLC lifted its position in shares of Vornado Realty Trust by 5.9% during the 4th quarter. Jeppson Wealth Management LLC now owns 13,934 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 773 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $27.22 on Wednesday. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. Vornado Realty Trust has a fifty-two week low of $12.31 and a fifty-two week high of $32.21. The stock has a market cap of $5.18 billion, a PE ratio of 118.35 and a beta of 1.57. The firm’s fifty day simple moving average is $26.55 and its 200-day simple moving average is $25.62.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The company had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same period last year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts expect that Vornado Realty Trust will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of Vornado Realty Trust from a “d+” rating to a “c-” rating in a research report on Thursday, December 28th. Morgan Stanley upgraded shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $26.00 in a research report on Thursday, March 28th. The Goldman Sachs Group reduced their price target on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, February 22nd. Evercore ISI reduced their price target on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, February 15th. Finally, Barclays initiated coverage on shares of Vornado Realty Trust in a research report on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 price target for the company. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $24.80.

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.