Venturi Wealth Management LLC Takes Position in Vornado Realty Trust (NYSE:VNO)

Venturi Wealth Management LLC purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,599 shares of the real estate investment trust's stock, valued at approximately $362,000.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in Vornado Realty Trust by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust's stock valued at $444,859,000 after purchasing an additional 592,412 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after acquiring an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after acquiring an additional 2,468,652 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vornado Realty Trust by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust's stock valued at $122,417,000 after acquiring an additional 39,147 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust's stock valued at $110,370,000 after acquiring an additional 149,017 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays raised their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an "underweight" rating in a report on Monday, October 28th. Truist Financial lifted their price objective 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. Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Evercore ISI lifted their price objective 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. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Two 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's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $37.98.

Vornado Realty Trust Stock Down 2.3 %

Shares of Vornado Realty Trust stock traded down $0.90 on Friday, hitting $38.80. 1,113,572 shares of the company's stock traded hands, compared to its average volume of 1,250,752. The stock has a market cap of $7.41 billion, a P/E ratio of 970.10, a PEG 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. The firm's 50-day moving average is $41.66 and its 200 day moving average is $39.97. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend 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 payout ratio is currently 1,850.00%.

About Vornado Realty Trust

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