Harvest Fund Management Co. Ltd Makes New $219,000 Investment in Vornado Realty Trust (NYSE:VNO)

Harvest Fund Management Co. Ltd purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,548 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in Vornado Realty Trust by 428.3% during 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 purchasing an additional 2,286,997 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $110,370,000 after acquiring an additional 149,017 shares during the period. Duff & Phelps Investment Management Co. raised 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 lifted its position in Vornado Realty Trust by 1.6% during 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 period. Finally, Bank of Montreal Can lifted its position in Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after acquiring an additional 818,838 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $43.99 on Wednesday. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12-month low of $21.16 and a 12-month high of $46.63. The business’s 50 day moving average is $41.18 and its two-hundred day moving average is $32.95.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. On average, equities analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VNO. Piper Sandler restated a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Scotiabank lifted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Barclays boosted their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Finally, Evercore ISI increased their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Company Profile

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