Vornado Realty Trust (NYSE:VNO) Stake Reduced by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in Vornado Realty Trust (NYSE:VNO) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,193 shares of the real estate investment trust’s stock after selling 259 shares during the quarter. D.A. Davidson & CO.’s holdings in Vornado Realty Trust were worth $1,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its holdings in Vornado Realty Trust by 16.5% during the 3rd quarter. Creative Planning now owns 30,971 shares of the real estate investment trust’s stock worth $1,220,000 after buying an additional 4,389 shares during the period. Blue Trust Inc. raised its holdings in 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 buying an additional 844 shares during the period. Raymond James & Associates raised its holdings in Vornado Realty Trust by 38.5% during the 3rd quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock worth $7,735,000 after buying an additional 54,539 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Vornado Realty Trust by 19.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 243,211 shares of the real estate investment trust’s stock worth $9,583,000 after buying an additional 39,481 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in Vornado Realty Trust during the 3rd quarter worth about $268,000. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on VNO shares. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Evercore ISI lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays lifted their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Compass Point lifted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Trading Down 2.3 %

Shares of NYSE VNO opened at $38.80 on Friday. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 970.10, a PEG ratio of 9.69 and a beta of 1.62. The business has a 50 day simple moving average of $41.66 and a 200 day simple moving average of $40.04. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. 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 announced its earnings results 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%. On average, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given 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 dividend payout ratio is presently 1,850.00%.

About Vornado Realty Trust

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