Monument Capital Management acquired a new position in Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,238 shares of the real estate investment trust's stock, valued at approximately $346,000.
A number of other institutional investors have also made changes to their positions in the business. 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 worth $32,000 after purchasing an additional 268 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Vornado Realty Trust by 0.7% in 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 purchasing an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 in the last quarter. US Bancorp DE lifted its position in shares of 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 worth $691,000 after purchasing an additional 311 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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 worth $200,000 after purchasing an additional 356 shares in the last quarter. Institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Stock Performance
Shares of NYSE:VNO traded down $1.61 on Thursday, hitting $39.65. The company had a trading volume of 2,530,792 shares, compared to its average volume of 1,254,912. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 991.35 and a beta of 1.62. The stock has a 50 day moving average price of $41.77 and a 200 day moving average price of $39.89. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.
Vornado Realty Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.74 dividend. The ex-dividend date was Monday, December 16th. This is an increase from Vornado Realty Trust's previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 7.46%. Vornado Realty Trust's dividend payout ratio is 1,850.00%.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Barclays boosted their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an "underweight" rating in a research report on Monday, October 28th. StockNews.com raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Compass Point upped their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Truist Financial upped 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 report on Wednesday, December 4th. Finally, Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Vornado Realty Trust presently has an average rating of "Hold" and an average price target of $37.98.
Check Out Our Latest Report on VNO
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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