abrdn plc Has $2.28 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

abrdn plc increased its position in Vornado Realty Trust (NYSE:VNO) by 58.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,153 shares of the real estate investment trust’s stock after purchasing an additional 20,341 shares during the quarter. abrdn plc’s holdings in Vornado Realty Trust were worth $2,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VNO. Sanctuary Advisors LLC bought a new stake in Vornado Realty Trust in the second quarter valued at approximately $212,000. Atomi Financial Group Inc. bought a new stake in shares of Vornado Realty Trust in the 3rd quarter valued at $249,000. Creative Planning raised its stake in Vornado Realty Trust by 16.5% during the 3rd quarter. Creative Planning now owns 30,971 shares of the real estate investment trust’s stock worth $1,220,000 after buying an additional 4,389 shares during the period. Prospect Financial Services LLC raised its stake in Vornado Realty Trust by 9.7% during the 3rd quarter. Prospect Financial Services LLC now owns 113,434 shares of the real estate investment trust’s stock worth $4,469,000 after buying an additional 10,017 shares during the period. Finally, Verum Partners LLC bought a new position in Vornado Realty Trust during the third quarter worth about $220,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Down 1.3 %

Shares of Vornado Realty Trust stock opened at $42.40 on Tuesday. The company’s 50-day moving average price is $42.16 and its 200-day moving average price is $39.34. The company has a market cap of $8.08 billion, a price-to-earnings ratio of -146.20 and a beta of 1.62. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. On average, equities analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 6.98%. 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 payout ratio is presently -255.17%.

Analyst Ratings Changes

Several brokerages recently issued reports on VNO. Compass Point boosted their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Barclays upped their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Piper Sandler reaffirmed 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. Finally, Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $37.61.

Vornado Realty Trust Profile

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