Stock Traders Purchase High Volume of Vornado Realty Trust Call Options (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO) saw unusually large options trading on Friday. Stock investors acquired 80,220 call options on the stock. This is an increase of 5,781% compared to the average volume of 1,364 call options.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America increased their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Evercore ISI lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays increased their price objective 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. Finally, Compass Point boosted their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $36.58.

Institutional Trading of Vornado Realty Trust

A number of hedge funds have recently added to or reduced their stakes in VNO. Blue Trust Inc. lifted its holdings in Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 844 shares during the period. Assetmark Inc. boosted its position 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Vornado Realty Trust in the second quarter valued at about $48,000. Quarry LP purchased a new position in Vornado Realty Trust in the third quarter valued at about $54,000. Finally, Farther Finance Advisors LLC raised its holdings in Vornado Realty Trust by 42.5% in the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 665 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Price Performance

Shares of VNO stock opened at $44.66 on Friday. The company has a market capitalization of $8.51 billion, a P/E ratio of -154.00 and a beta of 1.63. The company’s 50-day simple moving average is $42.55 and its two-hundred day simple moving average is $34.73. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. As a group, equities analysts anticipate 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 will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued a $0.74 dividend. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 6.63%. The ex-dividend date is Monday, December 16th. Vornado Realty Trust’s payout ratio is presently -103.45%.

About Vornado Realty Trust

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