By otakuyassine3@gmail.com 
Rhumbline Advisers lowered its stake in shares of Vornado Realty Trust (NYSE:VNO – Free Report) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 494,046 shares of the real estate investment trust’s stock after selling 7,190 shares during the quarter. Rhumbline Advisers’ holdings in Vornado Realty Trust were worth $20,770,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of VNO. JPMorgan Chase & Co. increased its stake 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. increased its stake 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 worth $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter worth approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $47,492,000 after purchasing an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC increased its stake 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 worth $39,181,000 after purchasing an additional 947,562 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.
Vornado Realty Trust Stock Down 3.9 %
VNO opened at $39.65 on Friday. The company has a fifty day moving average price of $41.77 and a 200-day moving average price of $39.89. The firm has a market capitalization of $7.57 billion, a P/E ratio of 991.35 and a beta of 1.62. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.
Vornado Realty Trust (NYSE:VNO – Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Equities research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.
Vornado Realty Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.74 per share. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s payout ratio is currently 1,850.00%.
Wall Street Analyst Weigh In
VNO has been the subject of several research analyst reports. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Scotiabank lifted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays lifted their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Finally, Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.98.
Get Our Latest Stock Analysis on VNO
About Vornado Realty Trust
Vornado Realty Trust is a fully – integrated equity real estate investment trust.
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