Vert Asset Management LLC Increases Stake in Vornado Realty Trust (NYSE:VNO)

Vert Asset Management LLC boosted its stake in Vornado Realty Trust (NYSE:VNO) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,508 shares of the real estate investment trust’s stock after buying an additional 2,226 shares during the period. Vornado Realty Trust accounts for approximately 1.0% of Vert Asset Management LLC’s portfolio, making the stock its 26th largest position. Vert Asset Management LLC’s holdings in Vornado Realty Trust were worth $2,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VNO. JPMorgan Chase & Co. boosted its position in shares of Vornado Realty Trust by 232.8% during 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. Principal Financial Group Inc. boosted its holdings 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 valued at $111,146,000 after buying an additional 2,286,997 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Vornado Realty Trust in the 3rd quarter worth about $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vornado Realty Trust by 381.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after acquiring an additional 955,071 shares during the period. Finally, Heitman Real Estate Securities LLC lifted its position in Vornado Realty Trust by 2,021.1% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after acquiring an additional 947,562 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $42.62 on Tuesday. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The business has a fifty day moving average of $42.19 and a 200 day moving average of $38.40.

Vornado Realty Trust (NYSE:VNO) last released 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 6.95%. 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 dividend payout ratio is currently -255.17%.

Analyst Ratings Changes

VNO has been the subject of several recent analyst reports. Barclays lifted their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Mizuho upgraded shares of 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. Truist Financial raised their price target 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. Evercore ISI upped 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. Finally, StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $37.61.

Vornado Realty Trust Company Profile

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