Vornado Realty Trust (NYSE:VNO) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its holdings in Vornado Realty Trust (NYSE:VNO) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,326 shares of the real estate investment trust’s stock after selling 604 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Vornado Realty Trust were worth $368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares during the period. Assetmark Inc. boosted its holdings in Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 661 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vornado Realty Trust during the second quarter valued at $48,000. Quarry LP acquired a new position in shares of Vornado Realty Trust in the third quarter worth about $54,000. Finally, Farther Finance Advisors LLC raised its position in shares of Vornado Realty Trust by 42.5% in the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 665 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on VNO. Scotiabank lifted their price target on 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. Truist Financial upped their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Compass Point increased their target price 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. Evercore ISI boosted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.58.

Vornado Realty Trust Stock Up 3.7 %

Shares of NYSE VNO opened at $41.51 on Friday. The company has a market capitalization of $7.91 billion, a P/E ratio of -143.14 and a beta of 1.63. 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 50 day simple moving average of $42.85 and a 200-day simple moving average of $35.38. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

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

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be issued a $0.74 dividend. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 7.13%. The ex-dividend date is Monday, December 16th. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.

About Vornado Realty Trust

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