Oppenheimer Asset Management Inc. Grows Stake in Vornado Realty Trust (NYSE:VNO)

Oppenheimer Asset Management Inc. grew its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,507 shares of the real estate investment trust’s stock after purchasing an additional 1,974 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Vornado Realty Trust were worth $4,393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VNO. ORG Wealth Partners LLC acquired a new position in Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. grew its stake in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 872 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 844 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of 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 valued at $47,000 after purchasing an additional 661 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 2.5 %

Vornado Realty Trust stock opened at $42.03 on Friday. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 1,050.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62. The business’s 50-day moving average price is $41.45 and its 200 day moving average price is $40.31. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

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 for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.74 dividend. 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 7.04%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is 1,850.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on VNO shares. The Goldman Sachs Group upped their price target 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. Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. 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 research note on Wednesday, December 4th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Profile

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