Vornado Realty Trust (NYSE:VNO) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 1,014.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 958 shares of the real estate investment trust’s stock after buying an additional 872 shares during the quarter. Versant Capital Management Inc’s holdings in Vornado Realty Trust were worth $40,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VNO. JPMorgan Chase & Co. lifted its position in shares of Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the last quarter. Principal Financial Group Inc. raised its stake in Vornado Realty Trust by 428.3% in the third 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 in the last quarter. Retirement Systems of Alabama lifted its holdings in Vornado Realty Trust by 1.9% during the 3rd quarter. Retirement Systems of Alabama now owns 201,310 shares of the real estate investment trust’s stock worth $7,932,000 after buying an additional 3,824 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after acquiring an additional 592,412 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Vornado Realty Trust in the 3rd quarter valued at about $258,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $41.27 on Tuesday. 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 $42.77 and a 200-day simple moving average of $36.86. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The stock has a market capitalization of $7.87 billion, a PE ratio of -142.31 and a beta of 1.62.

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

Vornado Realty Trust Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 7.17%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VNO. Scotiabank boosted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Truist Financial boosted their price objective 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. Barclays increased their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Compass Point boosted their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $36.58.

Vornado Realty Trust Profile

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