Yoffe Investment Management LLC Buys Shares of 9,588 Vornado Realty Trust (NYSE:VNO)

Yoffe Investment Management LLC acquired a new stake in Vornado Realty Trust (NYSE:VNO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,588 shares of the real estate investment trust’s stock, valued at approximately $403,000.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Vornado Realty Trust in the 4th quarter valued at $32,000. UMB Bank n.a. boosted its position in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc grew its stake in Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 872 shares in the last quarter. Quarry LP acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth approximately $54,000. Finally, Assetmark Inc. raised its stake in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VNO shares. Compass Point boosted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, Barclays boosted their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $33.87 on Friday. The company has a 50-day simple moving average of $39.89 and a two-hundred day simple moving average of $41.02. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 846.63, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Company Profile

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