Vornado Realty Trust (NYSE:VNO) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 20.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,441 shares of the real estate investment trust’s stock after purchasing an additional 1,960 shares during the quarter. Park Avenue Securities LLC’s holdings in Vornado Realty Trust were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Vornado Realty Trust by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 222,661 shares of the real estate investment trust’s stock worth $5,854,000 after purchasing an additional 8,464 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Vornado Realty Trust during the second quarter worth about $1,167,000. Intech Investment Management LLC acquired a new position in Vornado Realty Trust in the 2nd quarter valued at about $554,000. Sei Investments Co. raised its stake in Vornado Realty Trust by 2.3% during the 2nd quarter. Sei Investments Co. now owns 480,274 shares of the real estate investment trust’s stock valued at $12,626,000 after acquiring an additional 11,012 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after acquiring an additional 818,838 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Up 1.0 %

Shares of VNO opened at $41.89 on Friday. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $7.99 billion, a P/E ratio of -144.45 and a beta of 1.62. The firm’s 50-day moving average is $42.11 and its two-hundred day moving average is $38.00.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The firm had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders 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 7.07%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is currently -255.17%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VNO shares. Evercore ISI boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Piper Sandler reissued a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Scotiabank raised their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Compass Point increased their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Company Profile

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