Tidal Investments LLC Takes $258,000 Position in Vornado Realty Trust (NYSE:VNO)

Tidal Investments LLC acquired a new stake in Vornado Realty Trust (NYSE:VNO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,553 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of 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 valued at $43,000 after purchasing an additional 844 shares in the last quarter. Assetmark Inc. lifted its stake in Vornado Realty Trust by 122.2% during the third 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in Vornado Realty Trust during the second quarter worth approximately $48,000. Quarry LP acquired a new position in Vornado Realty Trust in the third quarter worth approximately $54,000. Finally, Farther Finance Advisors LLC grew its position in Vornado Realty Trust by 42.5% in the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 665 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VNO shares. Piper Sandler reissued a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Scotiabank increased their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Barclays boosted their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $36.58.

Vornado Realty Trust Stock Up 0.9 %

Vornado Realty Trust stock opened at $42.42 on Thursday. The firm’s 50 day moving average price is $42.92 and its two-hundred day moving average price is $35.79. The firm has a market cap of $8.09 billion, a PE ratio of -146.28 and a beta of 1.64. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data 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 return on equity of 1.72% and a net margin of 0.46%. The firm had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. Vornado Realty Trust’s revenue was down 1.7% on a year-over-year basis. On average, research analysts predict that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 6.98%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, December 16th. Vornado Realty Trust’s payout ratio is currently -255.17%.

Vornado Realty Trust Profile

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