Oppenheimer Asset Management Inc. Increases Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Oppenheimer Asset Management Inc. boosted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 104,507 shares of the real estate investment trust’s stock after buying an additional 1,974 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.05% of Vornado Realty Trust worth $4,393,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at $32,000. UMB Bank n.a. boosted 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 worth $32,000 after purchasing an additional 268 shares during the period. Versant Capital Management Inc grew its holdings in Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 872 shares during the last quarter. Blue Trust Inc. raised its position in Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares during the period. Finally, Assetmark Inc. raised its position in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on VNO shares. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. 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. Compass Point increased their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a 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. According to MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Trading Up 2.5 %

NYSE:VNO opened at $42.03 on Friday. The firm has a 50-day simple moving average of $41.45 and a 200-day simple moving average of $40.31. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The firm has a market cap of $8.02 billion, a P/E ratio of 1,050.75, a P/E/G ratio of 9.69 and a beta of 1.62. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a yield of 7.04%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 1,850.00%.

Vornado Realty Trust Company Profile

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