Jump Financial LLC Boosts Holdings in Vornado Realty Trust (NYSE:VNO)

Jump Financial LLC raised its holdings in shares of Vornado Realty Trust (NYSE:VNOFree Report) by 91.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,440 shares of the real estate investment trust’s stock after buying an additional 17,433 shares during the period. Jump Financial LLC’s holdings in Vornado Realty Trust were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Vornado Realty Trust by 1.0% during the third quarter. Vanguard Group Inc. now owns 27,358,232 shares of the real estate investment trust’s stock valued at $633,617,000 after buying an additional 282,152 shares in the last quarter. BlackRock Inc. lifted its position in shares of Vornado Realty Trust by 30.0% during the first quarter. BlackRock Inc. now owns 20,448,221 shares of the real estate investment trust’s stock worth $314,289,000 after purchasing an additional 4,723,170 shares in the last quarter. Norges Bank acquired a new position in shares of Vornado Realty Trust during the fourth quarter worth $376,294,000. State Street Corp lifted its position in shares of Vornado Realty Trust by 5.6% during the third quarter. State Street Corp now owns 14,749,324 shares of the real estate investment trust’s stock worth $341,594,000 after purchasing an additional 776,978 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Vornado Realty Trust by 22.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,868,704 shares of the real estate investment trust’s stock worth $139,196,000 after purchasing an additional 891,435 shares in the last quarter. 75.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on VNO shares. Citigroup boosted their target price on shares of Vornado Realty Trust from $12.00 to $18.00 and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Evercore ISI restated an “underperform” rating and issued a $28.00 price target (up previously from $23.00) on shares of Vornado Realty Trust in a research note on Monday, December 11th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. BMO Capital Markets upgraded shares of Vornado Realty Trust from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $25.00 to $31.00 in a research note on Friday, December 15th. Finally, Piper Sandler lifted their price target on shares of Vornado Realty Trust from $16.00 to $25.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 20th. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust currently has an average rating of “Reduce” and an average target price of $23.78.

Read Our Latest Stock Report on Vornado Realty Trust

Insider Transactions at Vornado Realty Trust

In other news, Director Michael D. Fascitelli sold 262,945 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $29.54, for a total transaction of $7,767,395.30. Following the completion of the transaction, the director now owns 1,306,546 shares in the company, valued at $38,595,368.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael D. Fascitelli sold 262,945 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $29.54, for a total transaction of $7,767,395.30. Following the completion of the transaction, the director now owns 1,306,546 shares in the company, valued at $38,595,368.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Russell B. Wight, Jr. sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $28.04, for a total transaction of $560,800.00. Following the transaction, the director now owns 2,380,174 shares of the company’s stock, valued at approximately $66,740,078.96. The disclosure for this sale can be found here. Insiders own 8.03% of the company’s stock.

Vornado Realty Trust Stock Performance

VNO stock opened at $25.31 on Wednesday. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 1.69. Vornado Realty Trust has a 1-year low of $12.31 and a 1-year high of $32.21. The firm has a fifty day moving average price of $27.88 and a two-hundred day moving average price of $24.24.

Vornado Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Friday, December 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.74%. Vornado Realty Trust’s dividend payout ratio is currently -59.41%.

Vornado Realty Trust Company Profile

(Free Report)

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.

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

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