Spire Wealth Management Sells 486 Shares of Vornado Realty Trust (NYSE:VNO)

Spire Wealth Management lowered its holdings in shares of Vornado Realty Trust (NYSE:VNOFree Report) by 14.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,924 shares of the real estate investment trust’s stock after selling 486 shares during the period. Spire Wealth Management’s holdings in Vornado Realty Trust were worth $66,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its holdings in Vornado Realty Trust by 1.8% during the second quarter. Daiwa Securities Group Inc. now owns 54,271 shares of the real estate investment trust’s stock worth $984,000 after purchasing an additional 980 shares during the period. CWM LLC grew its holdings in Vornado Realty Trust by 90.3% during the second quarter. CWM LLC now owns 12,249 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 5,814 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Vornado Realty Trust by 50.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 215,608 shares of the real estate investment trust’s stock worth $4,890,000 after purchasing an additional 72,750 shares during the period. Rheos Capital Works Inc. bought a new position in Vornado Realty Trust during the third quarter worth about $4,649,000. Finally, Geode Capital Management LLC grew its holdings in Vornado Realty Trust by 3.7% during the second quarter. Geode Capital Management LLC now owns 2,820,919 shares of the real estate investment trust’s stock worth $51,171,000 after purchasing an additional 100,377 shares during the period. Institutional investors own 75.86% of the company’s stock.

Wall Street Analysts Forecast Growth

VNO has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Evercore ISI restated an “underperform” rating and set a $28.00 price objective (up previously from $23.00) on shares of Vornado Realty Trust in a report on Monday, December 11th. The Goldman Sachs Group boosted their price objective on Vornado Realty Trust from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, November 7th. Piper Sandler boosted their price objective on Vornado Realty Trust from $16.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, December 20th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $25.00 to $31.00 in a report on Friday, December 15th. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.78.

View Our Latest Research Report on VNO

Vornado Realty Trust Stock Up 0.2 %

NYSE VNO opened at $26.45 on Monday. Vornado Realty Trust has a 1-year low of $12.31 and a 1-year high of $32.21. The company has a market cap of $5.03 billion, a price-to-earnings ratio of -13.09 and a beta of 1.58. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 1.69. The company has a 50 day moving average of $27.96 and a 200-day moving average of $24.34.

Vornado Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.20 annualized dividend and a yield of 4.54%. Vornado Realty Trust’s dividend payout ratio is currently -59.41%.

Insider Buying and Selling at Vornado Realty Trust

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

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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