Vert Asset Management LLC Buys 2,226 Shares of Vornado Realty Trust (NYSE:VNO)

Vert Asset Management LLC raised its position in shares of Vornado Realty Trust (NYSE:VNO) by 3.3% during the 4th quarter, Holdings Channel reports. The fund owned 70,508 shares of the real estate investment trust’s stock after purchasing an additional 2,226 shares during the period. Vornado Realty Trust makes up approximately 1.0% of Vert Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. Vert Asset Management LLC’s holdings in Vornado Realty Trust were worth $2,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNO. Pacer Advisors Inc. boosted its stake in Vornado Realty Trust by 3.7% during the fourth quarter. Pacer Advisors Inc. now owns 35,039 shares of the real estate investment trust’s stock worth $1,473,000 after buying an additional 1,246 shares during the period. KBC Group NV grew its holdings in shares of Vornado Realty Trust by 1,492.2% in the fourth quarter. KBC Group NV now owns 73,243 shares of the real estate investment trust’s stock worth $3,079,000 after purchasing an additional 68,643 shares during the last quarter. Blue Trust Inc. boosted its position in Vornado Realty Trust by 61.6% in the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 677 shares during the period. MCF Advisors LLC increased its position in shares of Vornado Realty Trust by 140.7% during the fourth quarter. MCF Advisors LLC now owns 3,812 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 2,228 shares during the period. Finally, Atomi Financial Group Inc. raised its stake in shares of Vornado Realty Trust by 11.2% during the fourth quarter. Atomi Financial Group Inc. now owns 7,030 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 707 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $42.62 on Tuesday. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The company has a 50 day moving average price of $42.19 and a 200 day moving average price of $38.40.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $445.07 million. During the same period in the previous year, the company earned $0.66 earnings per share. Vornado Realty Trust’s revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts predict 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 dividend of $0.74 per share. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.95%. Vornado Realty Trust’s payout ratio is -255.17%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VNO shares. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Compass Point boosted their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Barclays increased their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Truist Financial upped their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised Vornado Realty Trust to a “sell” rating in a research 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 data from MarketBeat, the stock presently 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.