Cerity Partners LLC Buys 6,509 Shares of Vornado Realty Trust (NYSE:VNO)

Cerity Partners LLC lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 61.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,093 shares of the real estate investment trust’s stock after acquiring an additional 6,509 shares during the quarter. Cerity Partners LLC’s holdings in Vornado Realty Trust were worth $673,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in VNO. Charles Schwab Investment Management Inc. lifted its holdings in Vornado Realty Trust by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after purchasing an additional 149,017 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Vornado Realty Trust by 2,278.3% in the third quarter. Meeder Asset Management Inc. now owns 2,735 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 2,620 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 272 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Vornado Realty Trust by 6.7% during the 3rd quarter. Natixis Advisors LLC now owns 18,682 shares of the real estate investment trust’s stock worth $736,000 after buying an additional 1,180 shares during the period. Finally, Empowered Funds LLC acquired a new position in Vornado Realty Trust in the 3rd quarter valued at $215,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $44.24 on Friday. The firm has a market capitalization of $8.43 billion, a PE ratio of -152.55 and a beta of 1.63. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The firm has a 50-day moving average price of $42.01 and a 200 day moving average price of $34.00.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results 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). The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Research analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.74 per share. 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 yield of 6.69%. The ex-dividend date of this dividend is Monday, December 16th. Vornado Realty Trust’s dividend payout ratio is currently -103.45%.

Analyst Ratings Changes

VNO has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Piper Sandler reissued a “neutral” rating and set a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Truist Financial increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday. Scotiabank boosted 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 report on Friday, October 25th. Finally, 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 report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.58.

Vornado Realty Trust Company Profile

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