Valley Brook Capital Group Inc. Acquires Shares of 11,200 Vornado Realty Trust (NYSE:VNO)

Valley Brook Capital Group Inc. acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,200 shares of the real estate investment trust’s stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VNO. National Bank of Canada FI lifted its stake in shares of Vornado Realty Trust by 5.6% in the fourth quarter. National Bank of Canada FI now owns 850,000 shares of the real estate investment trust’s stock worth $24,395,000 after buying an additional 44,700 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Vornado Realty Trust by 141.1% in the fourth quarter. M&T Bank Corp now owns 71,190 shares of the real estate investment trust’s stock worth $2,011,000 after buying an additional 41,657 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Vornado Realty Trust by 48.7% in the fourth quarter. Victory Capital Management Inc. now owns 55,752 shares of the real estate investment trust’s stock worth $1,575,000 after buying an additional 18,249 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Vornado Realty Trust by 15.6% in the fourth quarter. Van ECK Associates Corp now owns 70,024 shares of the real estate investment trust’s stock worth $1,978,000 after buying an additional 9,468 shares in the last quarter. Finally, Bfsg LLC purchased a new position in shares of Vornado Realty Trust in the fourth quarter worth about $244,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNO has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, February 22nd. Barclays assumed coverage on shares of Vornado Realty Trust in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 price target on the stock. Evercore ISI cut their price objective on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, February 15th. Finally, Morgan Stanley upgraded shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $24.80.

Vornado Realty Trust Trading Up 0.2 %

Shares of VNO traded up $0.05 during trading on Friday, reaching $26.23. 2,586,918 shares of the company traded hands, compared to its average volume of 1,926,262. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21. The stock has a market cap of $5.00 billion, a PE ratio of 114.04 and a beta of 1.57. The stock has a 50-day simple moving average of $26.71 and a 200-day simple moving average of $25.92. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The company had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. Vornado Realty Trust’s revenue was down 1.1% on a year-over-year basis. On average, analysts anticipate that Vornado Realty Trust will post 2.3 earnings per share for the current year.

Vornado Realty Trust Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.