Principal Financial Group Inc. Purchases 3,575,593 Shares of Vornado Realty Trust (NYSE:VNO)

Principal Financial Group Inc. raised its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 126.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,396,551 shares of the real estate investment trust's stock after acquiring an additional 3,575,593 shares during the quarter. Principal Financial Group Inc. owned about 3.36% of Vornado Realty Trust worth $268,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. raised its holdings in 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 valued at $32,000 after acquiring an additional 268 shares during the period. Thrivent Financial for Lutherans raised its holdings in Vornado Realty Trust by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust's stock valued at $1,534,000 after acquiring an additional 272 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vornado Realty Trust by 0.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust's stock valued at $2,731,000 after acquiring an additional 299 shares during the period. US Bancorp DE raised its holdings in Vornado Realty Trust by 1.8% during the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock valued at $691,000 after acquiring an additional 311 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Vornado Realty Trust by 8.1% during the 4th quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust's stock valued at $200,000 after acquiring an additional 356 shares during the period. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

NYSE:VNO traded down $0.90 during midday trading on Friday, hitting $38.80. The company had a trading volume of 1,113,572 shares, compared to its average volume of 1,250,752. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The stock's fifty day moving average price is $41.66 and its 200-day moving average price is $39.97. The company has a market capitalization of $7.41 billion, a PE ratio of 970.10, a P/E/G ratio of 10.08 and a beta of 1.62. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping 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%. As a group, research 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 given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 7.63%. This is a positive change from Vornado Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust's dividend payout ratio is presently 1,850.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. 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 report on Monday, October 28th. Evercore ISI boosted 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. Compass Point boosted their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Truist Financial boosted their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price target for the company 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 given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of "Hold" and an average target price of $37.98.

Vornado Realty Trust Company Profile

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