Vornado Realty Trust (NYSE:VNO) Shares Sold by Prospect Financial Services LLC

Prospect Financial Services LLC reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,294 shares of the real estate investment trust's stock after selling 7,140 shares during the period. Vornado Realty Trust comprises 2.4% of Prospect Financial Services LLC's investment portfolio, making the stock its 14th largest holding. Prospect Financial Services LLC owned approximately 0.06% of Vornado Realty Trust worth $4,469,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in 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 worth $32,000 after acquiring an additional 268 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust's stock valued at $1,534,000 after buying an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Vornado Realty Trust by 0.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust's stock valued at $2,731,000 after buying an additional 299 shares in the last quarter. US Bancorp DE boosted its position in shares of Vornado Realty Trust by 1.8% during the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock worth $691,000 after acquiring an additional 311 shares in the last quarter. Finally, Vert Asset Management LLC raised its position in shares of Vornado Realty Trust by 0.5% during the 3rd quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust's stock worth $2,690,000 after acquiring an additional 324 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Up 1.6 %

Shares of NYSE VNO traded up $0.66 on Friday, reaching $43.24. 897,452 shares of the company traded hands, compared to its average volume of 1,172,569. The stock has a market capitalization of $8.24 billion, a PE ratio of -149.11 and a beta of 1.62. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. 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 50 day moving average of $42.23 and a 200 day moving average of $38.53.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $443.26 million for the quarter, compared to analysts' expectations of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. Vornado Realty Trust's revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 annualized dividend and a dividend yield of 6.85%. This is a positive change from Vornado Realty Trust's previous quarterly dividend of $0.30. Vornado Realty Trust's dividend payout ratio is presently -255.17%.

Wall Street Analysts Forecast Growth

VNO has been the topic of a number of research analyst reports. Truist Financial raised their price objective 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. Barclays raised their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an "underweight" rating in a report on Monday, October 28th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Scotiabank raised their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $37.61.

About Vornado Realty Trust

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