6,553 Shares in Vornado Realty Trust (NYSE:VNO) Acquired by Tidal Investments LLC

Tidal Investments LLC purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,553 shares of the real estate investment trust’s stock, valued at approximately $258,000.

A number of other institutional investors also recently modified their holdings of VNO. Blue Trust Inc. grew its stake 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 valued at $43,000 after buying an additional 844 shares during the last quarter. Assetmark Inc. grew its position in shares of Vornado Realty Trust by 122.2% in 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 last quarter. Quarry LP bought a new position in shares of Vornado Realty Trust in the third quarter worth about $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vornado Realty Trust during the 2nd quarter worth about $48,000. Finally, Farther Finance Advisors LLC boosted its stake in Vornado Realty Trust by 42.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 665 shares during the period. Institutional investors own 90.02% of the company’s stock.

Analysts Set New Price Targets

VNO has been the topic of several recent analyst reports. Truist Financial lifted their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Piper Sandler reaffirmed a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Scotiabank increased their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their price objective on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. Finally, StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $36.58.

Vornado Realty Trust Stock Up 0.9 %

NYSE VNO opened at $42.42 on Thursday. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of -146.28 and a beta of 1.64. The stock’s 50 day moving average is $42.92 and its two-hundred day moving average is $35.79. 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 (NYSE:VNO) last announced its quarterly earnings results 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the prior year, the firm earned $0.66 EPS. Vornado Realty Trust’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be issued a $0.74 dividend. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.96 annualized dividend and a dividend yield of 6.98%. Vornado Realty Trust’s dividend payout ratio is presently -255.17%.

Vornado Realty Trust Company Profile

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