Vornado Realty Trust (NYSE:VNO) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC grew its stake in Vornado Realty Trust (NYSE:VNOGet Rating) by 8.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,877 shares of the real estate investment trust’s stock after purchasing an additional 2,276 shares during the quarter. Verition Fund Management LLC’s holdings in Vornado Realty Trust were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Vornado Realty Trust during the fourth quarter worth about $756,928,000. State Street Corp increased its stake in Vornado Realty Trust by 10.8% during the 1st quarter. State Street Corp now owns 13,527,974 shares of the real estate investment trust’s stock worth $613,088,000 after buying an additional 1,319,443 shares during the period. Canada Pension Plan Investment Board increased its stake in Vornado Realty Trust by 30.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,945,853 shares of the real estate investment trust’s stock worth $81,453,000 after buying an additional 453,085 shares during the period. ING Groep NV grew its holdings in Vornado Realty Trust by 1,637.7% during the 1st quarter. ING Groep NV now owns 379,301 shares of the real estate investment trust’s stock worth $17,190,000 after acquiring an additional 357,473 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Vornado Realty Trust by 214.6% during the 4th quarter. Allianz Asset Management GmbH now owns 410,627 shares of the real estate investment trust’s stock worth $17,188,000 after acquiring an additional 280,116 shares in the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on VNO. Mizuho lowered their price target on shares of Vornado Realty Trust from $32.00 to $30.00 and set an “underperform” rating for the company in a report on Wednesday, August 24th. Evercore ISI lowered their price target on shares of Vornado Realty Trust from $35.00 to $34.00 and set an “in-line” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vornado Realty Trust from $44.00 to $33.00 in a report on Wednesday, July 20th. Piper Sandler lowered their price target on shares of Vornado Realty Trust to $24.00 in a report on Monday, July 4th. Finally, Truist Financial lowered their price target on shares of Vornado Realty Trust from $34.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, September 14th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.75.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $26.12 on Wednesday. Vornado Realty Trust has a 12-month low of $25.27 and a 12-month high of $47.26. The stock has a market capitalization of $5.01 billion, a P/E ratio of 39.58 and a beta of 1.29. The firm’s 50-day moving average is $28.26 and its two-hundred day moving average is $34.14. The company has a debt-to-equity ratio of 1.53, a current ratio of 5.13 and a quick ratio of 5.13.

Vornado Realty Trust (NYSE:VNOGet Rating) last posted its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.60). Vornado Realty Trust had a net margin of 11.52% and a return on equity of 3.07%. The business had revenue of $453.49 million during the quarter, compared to analysts’ expectations of $430.43 million. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Equities analysts predict that Vornado Realty Trust will post 3.1 earnings per share for the current year.

Vornado Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date was Friday, August 5th. Vornado Realty Trust’s dividend payout ratio is presently 321.22%.

About Vornado Realty Trust

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Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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