Waterfront Capital Partners LLC Acquires New Shares in Vornado Realty Trust (NYSE:VNO)

Waterfront Capital Partners LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, according to its most recent filing with the SEC. The fund acquired 317,170 shares of the real estate investment trust’s stock, valued at approximately $12,496,000. Vornado Realty Trust accounts for approximately 1.7% of Waterfront Capital Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Waterfront Capital Partners LLC owned 0.17% of Vornado Realty Trust as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in 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 worth $111,146,000 after acquiring an additional 2,286,997 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vornado Realty Trust by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after acquiring an additional 149,017 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake in Vornado Realty Trust by 45.0% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock worth $51,875,000 after acquiring an additional 612,765 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Vornado Realty Trust by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,543,096 shares of the real estate investment trust’s stock worth $40,568,000 after acquiring an additional 24,322 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock worth $47,492,000 after acquiring an additional 955,071 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Down 1.3 %

VNO stock opened at $43.43 on Friday. Vornado Realty Trust has a twelve month low of $21.16 and a twelve month high of $46.63. 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 firm has a market cap of $8.28 billion, a PE ratio of -149.76 and a beta of 1.64. The business has a 50 day moving average of $41.49 and a 200 day moving average of $33.23.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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 company had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same period last year, the business earned $0.66 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, research analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

VNO has been the topic of a number of research analyst reports. Scotiabank upped their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Truist Financial upped their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Barclays upped their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. The Goldman Sachs Group increased their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.68.

Vornado Realty Trust Company Profile

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