Empowered Funds LLC boosted its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 170.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,754 shares of the real estate investment trust's stock after purchasing an additional 9,307 shares during the quarter. Empowered Funds LLC's holdings in Vornado Realty Trust were worth $620,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Vornado Realty Trust by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust's stock worth $1,534,000 after buying an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vornado Realty Trust by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust's stock worth $2,731,000 after buying an additional 299 shares in the last quarter. US Bancorp DE increased its stake in Vornado Realty Trust by 1.8% during the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock worth $691,000 after acquiring an additional 311 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Vornado Realty Trust by 8.1% in the fourth quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust's stock valued at $200,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.
Wall Street Analyst Weigh In
VNO has been the topic of a number of research analyst reports. Barclays lifted their target price 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. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Truist Financial boosted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Finally, Scotiabank boosted their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $37.98.
Get Our Latest Report on VNO
Vornado Realty Trust Stock Down 2.3 %
Shares of NYSE:VNO traded down $0.90 on Friday, hitting $38.80. 1,113,572 shares of the company's stock were exchanged, compared to its average volume of 1,250,728. The firm's 50-day moving average is $41.77 and its 200 day moving average is $39.89. The company has a market capitalization 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 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 quick ratio of 4.59 and a current ratio of 4.59.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.
Vornado Realty Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.74 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Vornado Realty Trust's previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.63%. Vornado Realty Trust's dividend payout ratio is 1,850.00%.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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