Vornado Realty Trust (NYSE:VNO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 901,867 shares of the real estate investment trust's stock after selling 8,564 shares during the quarter. New York State Common Retirement Fund owned approximately 0.47% of Vornado Realty Trust worth $37,914,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in VNO. ORG Wealth Partners LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at $32,000. UMB Bank n.a. boosted its position in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 872 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 844 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 661 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VNO. Evercore ISI upped their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Truist Financial increased 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. Barclays boosted their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research note on Monday, October 28th. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. Finally, Compass Point boosted their price objective 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. Two equities research 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's stock. Based on data from MarketBeat.com, Vornado Realty Trust currently has an average rating of "Hold" and a consensus price target of $37.98.

Vornado Realty Trust Stock Down 2.3 %

NYSE:VNO traded down $0.90 during trading hours on Friday, reaching $38.80. The company had a trading volume of 1,113,572 shares, compared to its average volume of 1,250,752. The business's 50-day simple moving average is $41.66 and its two-hundred day simple moving average is $39.97. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 970.10, a P/E/G ratio of 10.08 and a beta of 1.62.

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 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 annualized dividend and a dividend yield of 7.63%. This is a boost from Vornado Realty Trust's previous quarterly dividend of $0.30. Vornado Realty Trust's dividend payout ratio (DPR) is presently 1,850.00%.

Vornado Realty Trust Profile

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