Allspring Global Investments Holdings LLC Raises Stake in Vornado Realty Trust (NYSE:VNO)

Allspring Global Investments Holdings LLC lifted its position in shares of Vornado Realty Trust (NYSE:VNOGet Rating) by 48.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,779 shares of the real estate investment trust’s stock after buying an additional 5,800 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vornado Realty Trust were worth $411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wipfli Financial Advisors LLC purchased a new stake in shares of Vornado Realty Trust during the third quarter worth about $28,000. Parkside Financial Bank & Trust grew its holdings in Vornado Realty Trust by 170.0% in the first quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 804 shares during the period. SOA Wealth Advisors LLC. grew its holdings in Vornado Realty Trust by 540.6% in the third quarter. SOA Wealth Advisors LLC. now owns 1,294 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,092 shares during the period. Allworth Financial LP grew its holdings in Vornado Realty Trust by 40,700.0% in the third quarter. Allworth Financial LP now owns 1,632 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,628 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Vornado Realty Trust by 223.0% in the second quarter. Federated Hermes Inc. now owns 1,938 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 1,338 shares during the period. 75.97% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Down 1.4 %

NYSE VNO opened at $22.11 on Wednesday. The company’s fifty day simple moving average is $22.64 and its 200-day simple moving average is $24.84. Vornado Realty Trust has a 52 week low of $20.03 and a 52 week high of $47.26. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 1.52. The stock has a market cap of $4.24 billion, a P/E ratio of 44.22, a PEG ratio of 2.48 and a beta of 1.29.

Vornado Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Monday, January 30th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, January 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.78%. Vornado Realty Trust’s payout ratio is currently 424.00%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VNO shares. StockNews.com downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Piper Sandler reduced their price target on shares of Vornado Realty Trust from $20.00 to $17.00 and set an “underweight” rating on the stock in a research report on Friday, October 7th. Citigroup cut shares of Vornado Realty Trust from a “neutral” rating to a “sell” rating and reduced their price target for the company from $24.00 to $19.00 in a research report on Wednesday, December 14th. Morgan Stanley reduced their price target on shares of Vornado Realty Trust from $24.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 23rd. Finally, Argus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.88.

About Vornado Realty Trust

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNOGet Rating).

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

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.