Vanderbilt University Purchases 7,602 Shares of Vornado Realty Trust (NYSE:VNO)

Vanderbilt University raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 47.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,589 shares of the real estate investment trust’s stock after buying an additional 7,602 shares during the quarter. Vanderbilt University’s holdings in Vornado Realty Trust were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. grew its stake in Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Versant Capital Management Inc raised its position in shares of 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 buying an additional 872 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 844 shares during the last quarter. Finally, Assetmark Inc. grew its position in Vornado Realty Trust by 122.2% in the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on VNO. Scotiabank lifted 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. Compass Point lifted their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Piper Sandler reiterated a “neutral” rating and issued a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, Barclays lifted 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. 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Stock Up 1.0 %

Shares of NYSE VNO opened at $42.66 on Thursday. The firm has a fifty day simple moving average of $42.17 and a two-hundred day simple moving average of $38.97. The firm has a market capitalization of $8.13 billion, a PE ratio of -147.09 and a beta of 1.62. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63.

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 for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Equities analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is -255.17%.

About Vornado Realty Trust

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