Vanderbilt University boosted its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 47.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,589 shares of the real estate investment trust's stock after purchasing an additional 7,602 shares during the quarter. Vanderbilt University's holdings in Vornado Realty Trust were worth $992,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. ORG Wealth Partners LLC purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $32,000. UMB Bank n.a. grew its stake 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 purchasing an additional 268 shares during the period. Versant Capital Management Inc increased its holdings in Vornado Realty Trust by 1,014.0% during the fourth 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 during the last quarter. Blue Trust Inc. lifted its position in Vornado Realty Trust by 331.0% during the third 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 stake in shares of 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 buying an additional 661 shares during the period. Institutional investors own 90.02% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on VNO shares. Piper Sandler reissued a "neutral" rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Evercore ISI boosted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Truist Financial boosted their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Finally, Scotiabank lifted their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.61.
Read Our Latest Research Report on Vornado Realty Trust
Vornado Realty Trust Trading Down 0.6 %
Vornado Realty Trust stock traded down $0.24 during midday trading on Friday, reaching $42.97. The stock had a trading volume of 889,417 shares, compared to its average volume of 1,083,044. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of -148.17 and a beta of 1.62. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a fifty day moving average of $42.17 and a 200 day moving average of $39.10.
Vornado Realty Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 6.89%. This is an increase 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 (DPR) is -255.17%.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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