Pictet Asset Management SA Purchases 4,129 Shares of Vornado Realty Trust (NYSE:VNO)

Pictet Asset Management SA increased its position in shares of Vornado Realty Trust (NYSE:VNOGet Rating) by 3.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,375 shares of the real estate investment trust’s stock after buying an additional 4,129 shares during the quarter. Pictet Asset Management SA’s holdings in Vornado Realty Trust were worth $3,556,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VNO. MCF Advisors LLC bought a new position in shares of Vornado Realty Trust during the first quarter worth about $37,000. Silvant Capital Management LLC grew its holdings in shares of Vornado Realty Trust by 317.2% during the first quarter. Silvant Capital Management LLC now owns 1,118 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 850 shares in the last quarter. Herold Advisors Inc. bought a new position in shares of Vornado Realty Trust during the first quarter worth about $57,000. Parkside Financial Bank & Trust grew its holdings in shares of Vornado Realty Trust by 170.0% during the first quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 804 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Vornado Realty Trust by 1,588.8% during the first quarter. Covestor Ltd now owns 3,310 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 3,114 shares in the last quarter. 74.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VNO. Piper Sandler decreased their price target on Vornado Realty Trust from $20.00 to $17.00 and set an “underweight” rating for the company in a research note on Friday, October 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Vornado Realty Trust from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 13th. Evercore ISI decreased their price target on Vornado Realty Trust from $34.00 to $31.00 in a research note on Tuesday, September 27th. Morgan Stanley decreased their price target on Vornado Realty Trust from $25.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, September 9th. Finally, Truist Financial decreased their price target on Vornado Realty Trust to $28.00 in a research note on Wednesday, November 16th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.14.

Vornado Realty Trust Stock Performance

VNO opened at $23.98 on Monday. Vornado Realty Trust has a 12-month low of $20.03 and a 12-month high of $47.26. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 47.96, a PEG ratio of 2.36 and a beta of 1.24. The business has a 50 day moving average of $23.69 and a 200-day moving average of $27.99. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 1.52.

Vornado Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.84%. Vornado Realty Trust’s payout ratio is 424.00%.

Vornado Realty Trust Profile

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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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