Pensionfund DSM Netherlands Sells 4,500 Shares of Vornado Realty Trust (NYSE:VNO)

Pensionfund DSM Netherlands reduced its position in Vornado Realty Trust (NYSE:VNO) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,265 shares of the real estate investment trust’s stock after selling 4,500 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Vornado Realty Trust were worth $768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its position in shares of Vornado Realty Trust by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after acquiring an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vornado Realty Trust by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after purchasing an additional 299 shares during the period. US Bancorp DE boosted its holdings in Vornado Realty Trust by 1.8% during the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock valued at $691,000 after purchasing an additional 311 shares in the last quarter. Vert Asset Management LLC grew its stake in shares of Vornado Realty Trust by 0.5% in the 3rd quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after purchasing an additional 324 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Vornado Realty Trust by 8.1% in the 4th quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 356 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of VNO traded down $0.70 during mid-day trading on Monday, hitting $41.73. 60,069 shares of the company traded hands, compared to its average volume of 770,549. The business has a 50-day moving average of $42.81 and a 200 day moving average of $36.67. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of -143.90 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate 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 was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a yield of 7.09%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is -255.17%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial boosted their price target 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. The Goldman Sachs Group upped their target price 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. Barclays lifted their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Finally, Scotiabank lifted their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and an average price target of $36.58.

About Vornado Realty Trust

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