Private Management Group Inc. trimmed its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,351 shares of the real estate investment trust's stock after selling 137,845 shares during the period. Private Management Group Inc. owned approximately 0.32% of Vornado Realty Trust worth $25,659,000 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 recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Vornado Realty Trust during the fourth quarter valued at $32,000. UMB Bank n.a. raised 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 valued at $32,000 after buying an additional 268 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Vornado Realty Trust by 1,014.0% during 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. lifted its holdings in shares of Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 844 shares during the last quarter. Finally, Assetmark Inc. grew its position in Vornado Realty Trust by 122.2% in the third 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 in the last quarter. 90.02% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on VNO shares. Piper Sandler restated a "neutral" rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. StockNews.com raised shares of Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. 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. Finally, Compass Point increased their price objective on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.61.
Read Our Latest Report on VNO
Vornado Realty Trust Trading Down 0.6 %
Shares of Vornado Realty Trust stock traded down $0.24 on Friday, hitting $42.97. 889,417 shares of the company traded hands, compared to its average volume of 1,083,044. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The company has a market cap of $8.19 billion, a PE ratio of -148.17 and a beta of 1.62. The stock's 50 day moving average price is $42.17 and its 200-day moving average price is $39.10. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.
Vornado Realty Trust Increases Dividend
The company also recently announced 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. The ex-dividend date was Monday, December 16th. This is a positive change from Vornado Realty Trust's previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a yield of 6.89%. Vornado Realty Trust's payout ratio is -255.17%.
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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