Aew Capital Management L P Invests $20.60 Million in Vornado Realty Trust (NYSE:VNO)

Aew Capital Management L P acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 490,000 shares of the real estate investment trust's stock, valued at approximately $20,600,000. Vornado Realty Trust makes up approximately 1.0% of Aew Capital Management L P's portfolio, making the stock its 29th biggest holding. Aew Capital Management L P owned 0.26% of Vornado Realty Trust as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 844 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Vornado Realty Trust by 34.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,334 shares of the real estate investment trust's stock worth $246,000 after acquiring an additional 1,621 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Vornado Realty Trust by 173.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 113,024 shares of the real estate investment trust's stock valued at $4,376,000 after purchasing an additional 71,755 shares in the last quarter. abrdn plc raised its position in Vornado Realty Trust by 9.2% in the 3rd quarter. abrdn plc now owns 34,812 shares of the real estate investment trust's stock valued at $1,372,000 after purchasing an additional 2,928 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Vornado Realty Trust by 1.8% in the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock worth $691,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial raised their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. 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. Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $38.55.

Vornado Realty Trust Trading Up 2.5 %

Shares of VNO stock traded up $0.97 during trading hours on Wednesday, reaching $40.29. The company had a trading volume of 1,654,792 shares, compared to its average volume of 1,291,278. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 1,007.13, a P/E/G ratio of 9.69 and a beta of 1.62. The company has a 50 day moving average of $41.35 and a 200 day moving average of $40.55.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data 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 return on equity of 1.60% and a net margin of 3.94%. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.35%. 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 (DPR) is currently 1,850.00%.

Vornado Realty Trust Company Profile

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