Kestra Investment Management LLC Trims Stake in Vornado Realty Trust (NYSE:VNO)

Kestra Investment Management LLC lessened its stake in shares of Vornado Realty Trust (NYSE:VNO) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,352 shares of the real estate investment trust’s stock after selling 1,414 shares during the quarter. Kestra Investment Management LLC’s holdings in Vornado Realty Trust were worth $267,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after acquiring an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 valued at $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth about $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Vornado Realty Trust by 381.6% in 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 buying an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC lifted its stake in shares of 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 valued at $39,181,000 after buying an additional 947,562 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank lifted their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Mizuho raised 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. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Truist Financial raised their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Stock Down 1.3 %

VNO stock opened at $41.29 on Thursday. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 1,032.15 and a beta of 1.62. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The firm has a fifty day moving average price of $41.87 and a two-hundred day moving average price of $39.89. 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 (NYSE:VNO) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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%. Research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.74 dividend. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. This represents a $2.96 annualized dividend and a dividend yield of 7.17%. Vornado Realty Trust’s dividend payout ratio (DPR) is 1,850.00%.

Vornado Realty Trust Profile

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