Matthew 25 Management Corp Lowers Holdings in Vornado Realty Trust (NYSE:VNO)

Matthew 25 Management Corp trimmed its position in Vornado Realty Trust (NYSE:VNO) by 18.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,500 shares of the real estate investment trust’s stock after selling 27,500 shares during the quarter. Vornado Realty Trust accounts for 1.6% of Matthew 25 Management Corp’s holdings, making the stock its 17th largest holding. Matthew 25 Management Corp’s holdings in Vornado Realty Trust were worth $5,150,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ieq Capital LLC increased its position in Vornado Realty Trust by 7.5% during the 4th quarter. Ieq Capital LLC now owns 6,537 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 458 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Vornado Realty Trust in the fourth quarter valued at about $259,000. Venturi Wealth Management LLC acquired a new position in shares of Vornado Realty Trust in the fourth quarter valued at about $362,000. CIBC Asset Management Inc increased its holdings in shares of Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 324 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in shares of Vornado Realty Trust by 17.6% in the fourth quarter. Sanctuary Advisors LLC now owns 18,365 shares of the real estate investment trust’s stock valued at $782,000 after purchasing an additional 2,746 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Vornado Realty Trust Stock Performance

NYSE VNO opened at $38.80 on Friday. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The company has a market cap of $7.41 billion, a PE ratio of 970.10, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62. The stock’s 50 day simple moving average is $41.66 and its 200-day simple moving average is $40.04.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.74 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.63%. Vornado Realty Trust’s payout ratio is presently 1,850.00%.

Vornado Realty Trust Company Profile

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