Arjuna Capital Invests $353,000 in Vornado Realty Trust (NYSE:VNO)

Arjuna Capital bought a new position in Vornado Realty Trust (NYSE:VNOFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 12,491 shares of the real estate investment trust’s stock, valued at approximately $353,000.

Other hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at $26,000. Financial Gravity Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 8,355.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,504 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Vornado Realty Trust in the fourth quarter worth about $40,000. Selway Asset Management acquired a new stake in shares of Vornado Realty Trust during the third quarter worth about $45,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on VNO. Barclays started coverage on shares of Vornado Realty Trust in a research report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price target for the company. Piper Sandler lowered their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, May 13th. The Goldman Sachs Group reduced their price objective on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 22nd. Scotiabank lowered their target price on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Compass Point dropped their target price on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.55.

Get Our Latest Analysis on VNO

Vornado Realty Trust Price Performance

Shares of VNO stock traded down $0.07 during trading hours on Friday, hitting $24.73. 1,498,498 shares of the company’s stock were exchanged, compared to its average volume of 1,850,864. Vornado Realty Trust has a fifty-two week low of $12.82 and a fifty-two week high of $32.21. The firm has a market cap of $4.71 billion, a P/E ratio of 164.88 and a beta of 1.57. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average of $26.48 and a two-hundred day moving average of $26.22.

Vornado Realty Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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