Vornado Realty Trust (NYSE:VNO) Shares Bought by MCF Advisors LLC

MCF Advisors LLC lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 140.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,812 shares of the real estate investment trust’s stock after buying an additional 2,228 shares during the quarter. MCF Advisors LLC’s holdings in Vornado Realty Trust were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. grew its position in shares of Vornado Realty Trust by 5.6% during the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after buying an additional 592,412 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after buying an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Vornado Realty Trust by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after buying an additional 39,147 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Vornado Realty Trust by 428.3% during the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Vornado Realty Trust by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after buying an additional 149,017 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Barclays boosted their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Compass Point boosted their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Finally, Piper Sandler restated a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $41.49 on Thursday. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The business has a 50 day simple moving average of $42.11 and a 200-day simple moving average of $38.00. The stock has a market capitalization of $7.91 billion, a PE ratio of -143.07 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter last year, the company earned $0.66 EPS. Vornado Realty Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 7.13%. The ex-dividend date was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.