Entropy Technologies LP Boosts Stake in Vornado Realty Trust (NYSE:VNO)

Entropy Technologies LP raised its position in Vornado Realty Trust (NYSE:VNO) by 92.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,670 shares of the real estate investment trust’s stock after purchasing an additional 11,386 shares during the quarter. Entropy Technologies LP’s holdings in Vornado Realty Trust were worth $933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of VNO. Atria Investments Inc increased its position in Vornado Realty Trust by 5.6% during the 3rd quarter. Atria Investments Inc now owns 51,725 shares of the real estate investment trust’s stock worth $2,038,000 after purchasing an additional 2,752 shares in the last quarter. Assetmark Inc. increased its position in shares of Vornado Realty Trust by 122.2% in the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after acquiring an additional 2,286,997 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Vornado Realty Trust by 1.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 237,156 shares of the real estate investment trust’s stock valued at $9,344,000 after acquiring an additional 2,659 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Vornado Realty Trust by 10.1% during the 3rd quarter. Van ECK Associates Corp now owns 77,794 shares of the real estate investment trust’s stock worth $3,335,000 after purchasing an additional 7,144 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VNO has been the topic of several research reports. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Barclays raised their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Evercore ISI upped their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Compass Point lifted their price objective on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler restated a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Stock Down 2.0 %

Shares of Vornado Realty Trust stock opened at $42.07 on Thursday. The business has a 50-day moving average price of $40.11 and a 200 day moving average price of $32.01. Vornado Realty Trust has a fifty-two week low of $21.16 and a fifty-two week high of $46.63. The firm has a market cap of $8.02 billion, a P/E ratio of -145.07 and a beta of 1.64. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The firm had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same quarter last year, the firm posted $0.66 earnings per share. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.15 earnings per share for the current fiscal year.

About Vornado Realty Trust

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