Vornado Realty Trust (NYSE:VNO) Stock Position Boosted by First National Bank Sioux Falls

First National Bank Sioux Falls boosted its stake in Vornado Realty Trust (NYSE:VNO) by 13.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,815 shares of the real estate investment trust’s stock after buying an additional 1,704 shares during the period. First National Bank Sioux Falls’ holdings in Vornado Realty Trust were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new stake in Vornado Realty Trust in the 4th quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Vornado Realty Trust during the fourth quarter valued at about $40,000. Financial Gravity Asset Management Inc. lifted its stake in Vornado Realty Trust by 8,355.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,504 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Vornado Realty Trust by 49.8% during the third quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 556 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in Vornado Realty Trust during the fourth quarter valued at about $50,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

VNO stock traded up $0.63 during midday trading on Tuesday, hitting $27.22. 1,289,957 shares of the company traded hands, compared to its average volume of 2,242,708. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. The business has a 50 day simple moving average of $26.55 and a 200-day simple moving average of $25.62. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 119.30 and a beta of 1.57.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley raised shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. TheStreet raised shares of Vornado Realty Trust from a “d+” rating to a “c-” rating in a research report on Thursday, December 28th. Barclays began 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. 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, 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. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Vornado Realty Trust presently has a consensus rating of “Reduce” and a consensus price target of $24.80.

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.