Ballentine Partners LLC boosted its holdings in Vornado Realty Trust (NYSE:VNO – Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,112 shares of the real estate investment trust’s stock after purchasing an additional 1,313 shares during the quarter. Ballentine Partners LLC’s holdings in Vornado Realty Trust were worth $341,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in VNO. Franklin Resources Inc. boosted its holdings in shares of Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after buying an additional 592,412 shares during the period. JPMorgan Chase & Co. grew its holdings 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 valued at $139,045,000 after purchasing an additional 2,468,652 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $122,417,000 after purchasing an additional 39,147 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Vornado Realty Trust by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock valued at $110,370,000 after purchasing an additional 149,017 shares during the period. Institutional investors own 90.02% of the company’s stock.
Analysts Set New Price Targets
VNO has been the subject of a number of recent research reports. Piper Sandler restated a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Compass Point lifted their price objective 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. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Finally, Evercore ISI boosted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.61.
Vornado Realty Trust Stock Performance
VNO opened at $41.98 on Friday. The business has a 50 day moving average price of $42.14 and a two-hundred day moving average price of $38.14. 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 company has a market capitalization of $8.00 billion, a price-to-earnings ratio of -144.77 and a beta of 1.62. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63.
Vornado Realty Trust (NYSE:VNO – Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. Research analysts predict that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.
Vornado Realty Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 annualized dividend and a dividend yield of 7.05%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is currently -255.17%.
Vornado Realty Trust Profile
Vornado Realty Trust is a fully – integrated equity real estate investment trust.
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