FNY Investment Advisers LLC Purchases New Holdings in Vornado Realty Trust (NYSE:VNO)

FNY Investment Advisers LLC bought a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 95,520 shares of the real estate investment trust's stock, valued at approximately $4,015,000. Vornado Realty Trust comprises 2.1% of FNY Investment Advisers LLC's investment portfolio, making the stock its 5th largest holding. FNY Investment Advisers LLC owned approximately 0.05% of Vornado Realty Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VNO. Quantbot Technologies LP lifted its position in Vornado Realty Trust by 112.0% during the third quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust's stock valued at $5,132,000 after purchasing an additional 68,813 shares during the period. JPMorgan Chase & Co. raised its stake in Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust's stock valued at $22,502,000 after buying an additional 818,838 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Vornado Realty Trust by 33.3% in the 2nd quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust's stock worth $12,553,000 after buying an additional 120,902 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Vornado Realty Trust by 38.5% in the 3rd quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust's stock worth $7,735,000 after buying an additional 54,539 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock traded up $1.30 during trading hours on Tuesday, reaching $39.72. The company's stock had a trading volume of 1,093,941 shares, compared to its average volume of 1,264,943. The firm has a 50 day moving average price of $42.50 and a 200-day moving average price of $37.34. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The stock has a market cap of $7.57 billion, a P/E ratio of -136.97 and a beta of 1.62. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). The company had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company's revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 7.45%. The ex-dividend date 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 presently -255.17%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VNO. Scotiabank raised their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Piper Sandler reissued a "neutral" rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Barclays upped their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Truist Financial lifted their price target on shares of 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, Evercore ISI upped their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $37.61.

Vornado Realty Trust Profile

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