Oak Thistle LLC acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,246 shares of the real estate investment trust's stock, valued at approximately $683,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Vornado Realty Trust in the 4th quarter worth about $32,000. Versant Capital Management Inc grew its holdings in Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 872 shares during the period. Blue Trust Inc. increased its position in Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 844 shares during the last quarter. Assetmark Inc. raised its stake in Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 661 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vornado Realty Trust in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 90.02% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Compass Point raised their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Truist Financial boosted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Evercore ISI raised their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Finally, Scotiabank boosted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and an average target price of $37.61.
Read Our Latest Research Report on VNO
Vornado Realty Trust Stock Up 0.1 %
Shares of NYSE VNO traded up $0.05 during midday trading on Thursday, reaching $41.00. 690,531 shares of the company's stock were exchanged, compared to its average volume of 1,219,463. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The business's fifty day moving average price is $42.38 and its two-hundred day moving average price is $37.46. The stock has a market capitalization of $7.82 billion, a PE ratio of -141.39 and a beta of 1.62.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the previous year, the company earned $0.66 earnings per share. The business's revenue for the quarter was down 1.7% on a year-over-year basis. Analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current year.
Vornado Realty Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 7.22%. This is an increase from Vornado Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust's dividend payout ratio is -255.17%.
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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