D.A. Davidson & CO. Has $1.35 Million Holdings in Vornado Realty Trust (NYSE:VNO)

D.A. Davidson & CO. cut its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

A number of other large investors also recently modified their holdings of the business. CIBC Asset Management Inc lifted its holdings in shares of Vornado Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 324 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Vornado Realty Trust by 17.6% during the fourth quarter. Sanctuary Advisors LLC now owns 18,365 shares of the real estate investment trust’s stock worth $782,000 after buying an additional 2,746 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. Monument Capital Management acquired a new position in shares of Vornado Realty Trust in the fourth quarter valued at $346,000. Finally, Principal Securities Inc. grew its position in Vornado Realty Trust by 32.7% in the fourth quarter. Principal Securities Inc. now owns 3,107 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 765 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Vornado Realty Trust Trading Down 2.3 %

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 business’s 50-day moving average price is $41.66 and its two-hundred day moving average price is $40.04. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 970.10, a PEG ratio of 9.69 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released 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 return on equity of 1.60% and a net margin of 3.94%. On average, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current 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 paid a $0.74 dividend. This is a positive change 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 annualized dividend and a yield of 7.63%. 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.