Vornado Realty Trust (NYSE:VNO) Shares Acquired by First National Bank Sioux Falls

First National Bank Sioux Falls lifted its holdings in Vornado Realty Trust (NYSE:VNO) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 15,311 shares of the real estate investment trust’s stock after purchasing an additional 496 shares during the quarter. First National Bank Sioux Falls’ holdings in Vornado Realty Trust were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth $26,000. Financial Gravity Asset Management Inc. increased its holdings in 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 buying an additional 1,504 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Vornado Realty Trust during the 4th quarter valued at approximately $40,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $50,000. Finally, Principal Securities Inc. acquired a new stake in shares of Vornado Realty Trust in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Trading Up 2.5 %

Shares of Vornado Realty Trust stock traded up $0.63 during trading hours on Thursday, reaching $25.61. 2,590,082 shares of the company’s stock were exchanged, compared to its average volume of 2,084,880. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 166.61 and a beta of 1.59. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 52-week low of $16.50 and a 52-week high of $32.21. The company has a fifty day moving average of $25.04 and a 200-day moving average of $26.49.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of research analyst reports. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Thursday. Piper Sandler decreased their price objective on shares of Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, May 13th. BMO Capital Markets dropped their target price on shares of Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a report on Wednesday, June 12th. Barclays reduced their price target on shares of Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Friday, May 24th. Finally, Compass Point dropped their price objective on shares of Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research note 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. Based on data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $24.27.

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.