Investors Purchase Large Volume of Vornado Realty Trust Call Options (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO) was the recipient of unusually large options trading activity on Friday. Stock investors bought 80,220 call options on the stock. This represents an increase of 5,781% compared to the average volume of 1,364 call options.

Institutional Investors Weigh In On Vornado Realty Trust

Several institutional investors have recently made changes to their positions in VNO. Principal Financial Group Inc. lifted its holdings in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after buying an additional 2,286,997 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at about $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Vornado Realty Trust by 381.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after buying an additional 955,071 shares during the last quarter. Heitman Real Estate Securities LLC lifted its holdings in shares of Vornado Realty Trust by 2,021.1% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after buying an additional 947,562 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock valued at $22,502,000 after buying an additional 818,838 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Up 1.0 %

NYSE:VNO opened at $44.66 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock’s 50-day moving average is $42.55 and its two-hundred day moving average is $34.81. The stock has a market cap of $8.51 billion, a PE ratio of -154.00 and a beta of 1.63.

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

Vornado Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is -103.45%.

Wall Street Analysts Forecast Growth

VNO has been the topic of several research reports. Truist Financial boosted their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Scotiabank boosted their price target 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. Bank of America boosted their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, Piper Sandler reissued a “neutral” rating and issued a $44.00 price target (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 issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.58.

Vornado Realty Trust Company Profile

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