Aew Capital Management L P Makes New Investment in Vornado Realty Trust (NYSE:VNO)

Aew Capital Management L P purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 490,000 shares of the real estate investment trust’s stock, valued at approximately $20,600,000. Vornado Realty Trust comprises 1.0% of Aew Capital Management L P’s holdings, making the stock its 29th largest position. Aew Capital Management L P owned 0.26% of Vornado Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP lifted its holdings in Vornado Realty Trust by 112.0% during the 3rd quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock worth $5,132,000 after buying an additional 68,813 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Vornado Realty Trust during the 4th quarter worth about $4,015,000. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 2,468,652 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 valued at $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VNO has been the subject of several research reports. Evercore ISI boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Truist Financial upped their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Compass Point upped their price objective 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. Finally, Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $42.03 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The business’s 50 day moving average is $41.44 and its two-hundred day moving average is $40.22. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 1,050.75, a PEG ratio of 9.69 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The company 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. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.04%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is currently 1,850.00%.

About Vornado Realty Trust

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