Bfsg LLC Sells 910 Shares of Vornado Realty Trust (NYSE:VNO)

Bfsg LLC decreased its stake in shares of Vornado Realty Trust (NYSE:VNO) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,121 shares of the real estate investment trust’s stock after selling 910 shares during the period. Bfsg LLC’s holdings in Vornado Realty Trust were worth $202,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of Montreal Can raised its position in Vornado Realty Trust by 2,229.1% in the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after acquiring an additional 818,838 shares during the period. Natixis bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth approximately $21,564,000. Duff & Phelps Investment Management Co. lifted its stake in Vornado Realty Trust by 45.0% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock valued at $51,875,000 after purchasing an additional 612,765 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Vornado Realty Trust by 324.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock valued at $20,292,000 after purchasing an additional 590,176 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in Vornado Realty Trust in the first quarter worth $12,824,000. 90.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on VNO shares. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Evercore ISI lifted their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Scotiabank boosted their price target on shares of Vornado Realty Trust from $23.00 to $33.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 4th. Barclays lifted their price objective on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the company an “underweight” rating in a research note on Wednesday, August 14th. Finally, Bank of America increased their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $30.43.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $42.25 on Friday. The company has a market capitalization of $8.05 billion, a P/E ratio of 469.44 and a beta of 1.65. The stock has a 50 day moving average price of $36.30 and a two-hundred day moving average price of $29.86. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $42.64.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.37). The firm had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. Analysts expect that Vornado Realty Trust will post 2.17 earnings per share for the current year.

About Vornado Realty Trust

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