13,934 Shares in Vornado Realty Trust (NYSE:VNO) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,934 shares of the real estate investment trust's stock, valued at approximately $586,000.

Several other large investors have also recently added to or reduced their stakes in VNO. ORG Wealth Partners LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth about $32,000. UMB Bank n.a. raised its stake in Vornado Realty Trust by 53.2% in 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 grew its position in shares of 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 stake in shares of Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 844 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings 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 valued at $47,000 after purchasing an additional 661 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VNO. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday. Piper Sandler reaffirmed a "neutral" rating and set a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Evercore ISI lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, Scotiabank raised their target price on 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $37.98.

Vornado Realty Trust Stock Down 0.8 %

Shares of VNO traded down $0.32 during mid-day trading on Thursday, hitting $41.81. 1,731,055 shares of the company's stock were exchanged, compared to its average volume of 1,218,009. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a market cap of $7.97 billion, a PE ratio of -144.18 and a beta of 1.62. The company has a 50-day simple moving average of $42.13 and a 200 day simple moving average of $39.46. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. On average, research analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. This is a positive change from Vornado Realty Trust's previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust's dividend payout ratio (DPR) is currently -255.17%.

Vornado Realty Trust Profile

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