753 Shares in Vornado Realty Trust (NYSE:VNO) Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 753 shares of the real estate investment trust’s stock, valued at approximately $32,000.

Several other large investors have also bought and sold shares of VNO. JPMorgan Chase & Co. grew its position in Vornado Realty Trust by 232.8% in 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 in the last quarter. Principal Financial Group Inc. boosted its stake 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 buying an additional 2,286,997 shares during the last quarter. Bamco Inc. NY bought a new position in shares of Vornado Realty Trust in the third quarter valued at approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Vornado Realty Trust by 381.6% during the third 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 valued at $47,492,000 after acquiring an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in Vornado Realty Trust by 2,021.1% during the third quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock worth $39,181,000 after acquiring an additional 947,562 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Trading Down 5.4 %

NYSE:VNO opened at $37.77 on Friday. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The stock’s fifty day moving average price is $42.64 and its two-hundred day moving average price is $37.00. 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 cap of $7.20 billion, a P/E ratio of -130.24 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same period last year, the company posted $0.66 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts expect that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 annualized dividend and a yield of 7.84%. 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%.

Wall Street Analysts Forecast Growth

VNO has been the subject of a number of recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Compass Point increased 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. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Truist Financial increased their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.61.

Vornado Realty Trust Company Profile

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