Principal Financial Group Inc. boosted its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 428.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,820,958 shares of the real estate investment trust's stock after acquiring an additional 2,286,997 shares during the period. Principal Financial Group Inc. owned 1.48% of Vornado Realty Trust worth $111,146,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNO. Blue Trust Inc. grew its position 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 worth $43,000 after buying an additional 844 shares during the period. Assetmark Inc. grew its holdings in Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 661 shares during the period. Quarry LP bought a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vornado Realty Trust during the 2nd quarter valued at $48,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Vornado Realty Trust by 42.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 665 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
VNO has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the company a "sell" rating in a report on Thursday, September 12th. Scotiabank upped their price target 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. Evercore ISI lifted their price objective on shares of 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 shares of Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. Finally, Barclays lifted their price target 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $36.58.
Check Out Our Latest Report on Vornado Realty Trust
Vornado Realty Trust Stock Up 3.7 %
NYSE VNO traded up $1.48 on Friday, reaching $41.51. The company had a trading volume of 5,196,688 shares, compared to its average volume of 1,959,375. The company's fifty day moving average is $42.85 and its 200-day moving average is $35.38. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of -143.14 and a beta of 1.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. On average, research analysts forecast 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. Shareholders of record on Monday, December 16th will be paid a $0.74 dividend. This is a positive change from Vornado Realty Trust's previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend is Monday, December 16th. Vornado Realty Trust's payout ratio is presently -255.17%.
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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