Bleakley Financial Group LLC Takes $586,000 Position in Vornado Realty Trust (NYSE:VNO)

Bleakley Financial Group LLC bought a new stake in Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,934 shares of the real estate investment trust’s stock, valued at approximately $586,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VNO. ORG Wealth Partners LLC acquired a new stake in shares of Vornado Realty Trust in the fourth quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Versant Capital Management Inc lifted its holdings in Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 872 shares during the last quarter. Blue Trust Inc. boosted its position in Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Vornado Realty Trust by 122.2% in the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 661 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $42.97 on Monday. The company has a market cap of $8.19 billion, a price-to-earnings ratio of -148.17 and a beta of 1.62. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The stock has a fifty day moving average price of $42.17 and a 200-day moving average price of $39.24.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 annualized dividend and a yield of 6.89%. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.

Analyst Ratings Changes

A number of analysts have recently issued reports on VNO shares. 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. Scotiabank raised their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI upped their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Barclays increased 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. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $37.61.

Vornado Realty Trust Company Profile

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