KBC Group NV Purchases 68,643 Shares of Vornado Realty Trust (NYSE:VNO)

KBC Group NV increased its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 1,492.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,243 shares of the real estate investment trust's stock after purchasing an additional 68,643 shares during the period. KBC Group NV's holdings in Vornado Realty Trust were worth $3,079,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of 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 worth $32,000 after buying an additional 268 shares during the period. Thrivent Financial for Lutherans boosted its stake 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 acquiring an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Vornado Realty Trust by 0.4% in 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 purchasing an additional 299 shares during the period. US Bancorp DE increased its stake in Vornado Realty Trust by 1.8% in the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock valued at $691,000 after purchasing an additional 311 shares in the last quarter. Finally, Vert Asset Management LLC raised its holdings in shares of Vornado Realty Trust by 0.5% during the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust's stock valued at $2,690,000 after purchasing an additional 324 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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. Truist Financial raised their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Compass Point upped their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Evercore ISI lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Finally, Barclays upped their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an "underweight" rating in a report on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $37.61.

Vornado Realty Trust Stock Up 0.2 %

Vornado Realty Trust stock traded up $0.07 during midday trading on Tuesday, hitting $42.19. 740,584 shares of the stock were exchanged, compared to its average volume of 1,163,222. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The business's 50-day moving average price is $42.19 and its 200-day moving average price is $38.94. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of -145.50 and a beta of 1.62.

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

Vornado Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date was Monday, December 16th. This is an increase from Vornado Realty Trust's previous quarterly dividend of $0.30. Vornado Realty Trust's dividend payout ratio is -255.17%.

About Vornado Realty Trust

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