Boothbay Fund Management LLC Makes New $249,000 Investment in Vornado Realty Trust (NYSE:VNO)

Boothbay Fund Management LLC bought a new stake in Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,931 shares of the real estate investment trust’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at $4,015,000. Principal Financial Group Inc. increased its holdings in Vornado Realty Trust by 428.3% during the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares during the last quarter. UMB Bank n.a. raised its position in Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 268 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Vornado Realty Trust in the fourth quarter valued at about $235,000. Finally, Assetmark Inc. grew its position 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 valued at $63,000 after acquiring an additional 286 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VNO shares. Morgan Stanley lifted their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Compass Point lifted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Piper Sandler dropped their price objective on shares of Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Barclays lifted their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $37.27 on Friday. The company has a 50 day moving average of $36.51 and a 200 day moving average of $40.25. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market cap of $7.15 billion, a P/E ratio of 931.75, a P/E/G ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63.

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

Vornado Realty Trust Profile

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