Asset Management One Co. Ltd. lifted its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,057 shares of the real estate investment trust's stock after buying an additional 7,901 shares during the period. Asset Management One Co. Ltd. owned approximately 0.13% of Vornado Realty Trust worth $10,241,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in shares of Vornado Realty Trust during the fourth quarter worth about $32,000. UMB Bank n.a. raised its position in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc raised its position in Vornado Realty Trust by 1,014.0% during the 4th 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 last quarter. Blue Trust Inc. lifted its holdings in Vornado Realty Trust by 331.0% in the 3rd 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 during the period. Finally, Assetmark Inc. grew its position in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock worth $47,000 after buying an additional 661 shares during the last quarter. Institutional investors own 90.02% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Scotiabank increased their price target 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. Evercore ISI increased their target price 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. Compass Point lifted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Truist Financial upped their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Finally, Barclays raised their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Two 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, the company currently has an average rating of "Hold" and an average price target of $37.98.
Read Our Latest Analysis on Vornado Realty Trust
Vornado Realty Trust Price Performance
VNO stock traded down $0.90 during mid-day trading on Friday, reaching $38.80. The company's stock had a trading volume of 1,113,572 shares, compared to its average volume of 1,250,752. 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 company's 50 day moving average is $41.66 and its two-hundred day moving average is $39.97. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a market cap of $7.41 billion, a PE ratio of 970.10, a P/E/G ratio of 10.08 and a beta of 1.62.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.
Vornado Realty Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Vornado Realty Trust's previous quarterly dividend of $0.30. Vornado Realty Trust's dividend payout ratio is 1,850.00%.
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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