Vornado Realty Trust (NYSE:VNO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 494,046 shares of the real estate investment trust's stock after selling 7,190 shares during the period. Rhumbline Advisers owned 0.26% of Vornado Realty Trust worth $20,770,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Quantbot Technologies LP lifted its stake in Vornado Realty Trust by 112.0% in the third quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust's stock valued at $5,132,000 after buying an additional 68,813 shares during the period. FNY Investment Advisers LLC bought a new position in Vornado Realty Trust in the fourth quarter valued at approximately $4,015,000. JPMorgan Chase & Co. grew its stake in Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Vornado Realty Trust by 38.5% during the 3rd quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust's stock worth $7,735,000 after acquiring an additional 54,539 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after acquiring an additional 2,286,997 shares during the period. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Down 2.3 %

VNO stock traded down $0.90 during midday trading on Friday, hitting $38.80. The company's stock had a trading volume of 1,113,572 shares, compared to its average volume of 1,250,752. The firm's 50-day moving average is $41.66 and its 200-day moving average is $39.97. The company has a market cap 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 current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63.

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 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. On average, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal 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 issued a $0.74 dividend. This is an increase from Vornado Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.63%. Vornado Realty Trust's dividend payout ratio (DPR) is presently 1,850.00%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VNO. Truist Financial lifted their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Scotiabank increased 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. Finally, Barclays raised their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an "underweight" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.98.

Vornado Realty Trust Profile

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