Matthew 25 Management Corp Sells 27,500 Shares of Vornado Realty Trust (NYSE:VNO)

Matthew 25 Management Corp decreased its position in Vornado Realty Trust (NYSE:VNO) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,500 shares of the real estate investment trust’s stock after selling 27,500 shares during the quarter. Vornado Realty Trust makes up 1.6% of Matthew 25 Management Corp’s portfolio, making the stock its 17th biggest position. Matthew 25 Management Corp owned approximately 0.06% of Vornado Realty Trust worth $5,150,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VNO. Principal Financial Group Inc. raised its holdings in Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Bamco Inc. NY bought a new position in Vornado Realty Trust in the third quarter worth $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Vornado Realty Trust by 381.6% in the third 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 worth $47,492,000 after purchasing an additional 955,071 shares in the last quarter. Finally, Heitman Real Estate Securities LLC increased its holdings in shares of Vornado Realty Trust by 2,021.1% during the third 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 in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 2.3 %

NYSE VNO opened at $38.80 on Friday. The stock’s 50 day moving average is $41.66 and its 200 day moving average is $40.04. 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. The stock has a market cap of $7.41 billion, a PE ratio of 970.10, a P/E/G ratio of 9.69 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (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%. Research analysts predict that Vornado Realty Trust will post 2.31 EPS 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. Investors of record on Monday, December 16th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a yield of 7.63%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is presently 1,850.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VNO shares. Truist Financial raised their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Compass Point raised their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Barclays raised their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.98.

Vornado Realty Trust Profile

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