Advisors Preferred LLC Raises Position in Vornado Realty Trust (NYSE:VNO)

Advisors Preferred LLC increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 58.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,927 shares of the real estate investment trust’s stock after purchasing an additional 30,171 shares during the quarter. Advisors Preferred LLC’s holdings in Vornado Realty Trust were worth $3,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in VNO. ORG Wealth Partners LLC purchased a new stake in Vornado Realty Trust in the fourth quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings in Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Versant Capital Management Inc increased its position in shares of Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 872 shares during the last quarter. Blue Trust Inc. raised its holdings in Vornado Realty Trust by 331.0% in 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. Finally, Assetmark Inc. grew 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 valued at $47,000 after purchasing an additional 661 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 0.6 %

NYSE VNO opened at $42.97 on Friday. The firm’s 50 day moving average price is $42.17 and its 200-day moving average price is $39.00. 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 has a 52-week low of $22.42 and a 52-week high of $46.63.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.74 dividend. The ex-dividend date was Monday, December 16th. 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 6.89%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently -255.17%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VNO. Evercore ISI boosted their target price 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. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Scotiabank increased their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. 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 research note on Monday, October 28th. Finally, Piper Sandler restated a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Profile

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