Geode Capital Management LLC Acquires 39,147 Shares of Vornado Realty Trust (NYSE:VNO)

Geode Capital Management LLC grew its stake in Vornado Realty Trust (NYSE:VNO - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,106,295 shares of the real estate investment trust's stock after buying an additional 39,147 shares during the period. Geode Capital Management LLC owned 1.63% of Vornado Realty Trust worth $122,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp grew its stake in Vornado Realty Trust by 7.7% during the third quarter. M&T Bank Corp now owns 42,770 shares of the real estate investment trust's stock worth $1,685,000 after purchasing an additional 3,055 shares during the period. Public Employees Retirement System of Ohio grew its stake in Vornado Realty Trust by 2.3% during the third quarter. Public Employees Retirement System of Ohio now owns 300,160 shares of the real estate investment trust's stock worth $11,826,000 after purchasing an additional 6,804 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Vornado Realty Trust by 4.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 208,930 shares of the real estate investment trust's stock worth $8,232,000 after purchasing an additional 8,130 shares during the period. MML Investors Services LLC acquired a new stake in Vornado Realty Trust during the third quarter worth approximately $248,000. Finally, XTX Topco Ltd acquired a new stake in Vornado Realty Trust during the third quarter worth approximately $1,468,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Analyst Ratings Changes

VNO has been the subject of several recent analyst reports. Evercore ISI raised their target price 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. StockNews.com raised Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. Bank of America increased their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, August 22nd. Truist Financial increased their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Finally, Compass Point increased their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $36.58.

Vornado Realty Trust Stock Down 8.9 %

Shares of VNO stock traded down $3.99 during trading hours on Wednesday, reaching $40.79. The company had a trading volume of 2,194,040 shares, compared to its average volume of 1,947,014. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. 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 business has a fifty day simple moving average of $42.79 and a 200-day simple moving average of $35.19. The company has a market cap of $7.78 billion, a price-to-earnings ratio of -140.66 and a beta of 1.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.61). The business 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 business's revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. On average, research analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued 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 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Monday, December 16th. Vornado Realty Trust's dividend payout ratio (DPR) is -255.17%.

Vornado Realty Trust Company Profile

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