Private Management Group Inc. Has $25.66 Million Stake in Vornado Realty Trust (NYSE:VNO)

Private Management Group Inc. reduced its holdings in Vornado Realty Trust (NYSE:VNO) by 18.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 610,351 shares of the real estate investment trust’s stock after selling 137,845 shares during the quarter. Private Management Group Inc.’s holdings in Vornado Realty Trust were worth $25,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Vornado Realty Trust by 98.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,972 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 2,465 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Vornado Realty Trust in the second quarter valued at approximately $212,000. Handelsbanken Fonder AB increased its position in shares of Vornado Realty Trust by 14.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 42,500 shares of the real estate investment trust’s stock worth $1,674,000 after purchasing an additional 5,500 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Vornado Realty Trust by 12.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 500 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Vornado Realty Trust in the 3rd quarter valued at approximately $249,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Up 1.0 %

Vornado Realty Trust stock opened at $42.66 on Thursday. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The stock’s 50 day moving average is $42.17 and its 200-day moving average is $38.97.

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

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.74 dividend. The ex-dividend date was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 6.94%. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Analysts Set New Price Targets

VNO has been the topic of a number of recent analyst reports. Evercore ISI boosted their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays boosted their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Piper Sandler reiterated a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Finally, Compass Point upped their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.61.

About Vornado Realty Trust

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