Vornado Realty Trust (NYSE:VNO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vornado Realty Trust (NYSE:VNO) by 381.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,205,383 shares of the real estate investment trust’s stock after purchasing an additional 955,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.63% of Vornado Realty Trust worth $47,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 844 shares in the last quarter. Assetmark Inc. grew its position in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 661 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vornado Realty Trust during the second quarter worth about $48,000. Farther Finance Advisors LLC lifted its position in shares of Vornado Realty Trust by 42.5% during the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 665 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Vornado Realty Trust in the third quarter valued at approximately $88,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $42.80 on Wednesday. The firm has a market capitalization of $8.16 billion, a P/E ratio of -147.59 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 has a 52 week low of $22.42 and a 52 week high of $46.63. The firm’s 50 day moving average is $41.71 and its two-hundred day moving average is $33.73.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter last year, the business posted $0.66 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Research analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on VNO shares. Piper Sandler reissued a “neutral” rating and issued a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $29.00 to $40.00 in a report on Thursday, August 8th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Scotiabank lifted their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Barclays upped their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and an average target price of $35.68.

Vornado Realty Trust Profile

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