Pitcairn Co. Has $361,000 Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Pitcairn Co. trimmed its stake in shares of Vornado Realty Trust (NYSE:VNO) by 24.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,154 shares of the real estate investment trust’s stock after selling 2,936 shares during the quarter. Pitcairn Co.’s holdings in Vornado Realty Trust were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. lifted its stake in Vornado Realty Trust by 331.0% during 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. boosted its stake 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 worth $47,000 after purchasing an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Vornado Realty Trust during the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC raised its stake in Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Vornado Realty Trust by 42.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 665 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 2.1 %

Shares of Vornado Realty Trust stock opened at $43.99 on Wednesday. Vornado Realty Trust has a 12-month low of $21.16 and a 12-month high of $46.63. The stock has a market capitalization of $8.39 billion, a P/E ratio of -151.67 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. The stock has a 50 day moving average price of $41.18 and a two-hundred day moving average price of $32.95.

Vornado Realty Trust (NYSE:VNO) last posted 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 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 analyst estimates of $445.07 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI lifted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets raised 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 research note on Thursday, August 8th. Bank of America increased their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.07.

About Vornado Realty Trust

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