Vornado Realty Trust (NYSE:VNO) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its holdings in Vornado Realty Trust (NYSE:VNO) by 1,014.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 958 shares of the real estate investment trust’s stock after purchasing an additional 872 shares during the quarter. Versant Capital Management Inc’s holdings in Vornado Realty Trust were worth $40,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in Vornado Realty Trust by 2.0% during the second quarter. Victory Capital Management Inc. now owns 53,612 shares of the real estate investment trust’s stock worth $1,409,000 after buying an additional 1,055 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Vornado Realty Trust by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 45,327 shares of the real estate investment trust’s stock valued at $1,192,000 after acquiring an additional 868 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Vornado Realty Trust by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 140,749 shares of the real estate investment trust’s stock valued at $3,700,000 after acquiring an additional 832 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Vornado Realty Trust by 91.3% in the second quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock valued at $22,418,000 after purchasing an additional 406,965 shares during the period. Finally, Meeder Advisory Services Inc. increased its position in Vornado Realty Trust by 31.7% during the second quarter. Meeder Advisory Services Inc. now owns 10,409 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 2,507 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Price Performance

VNO stock opened at $41.27 on Tuesday. The business’s fifty day moving average price is $42.77 and its 200 day moving average price is $36.86. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company has a market capitalization of $7.87 billion, a PE ratio of -142.31 and a beta of 1.62. 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 issued its quarterly 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). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter last year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is currently -255.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Piper Sandler reiterated a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Compass Point raised their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Scotiabank upped their price target on 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. Finally, Truist Financial increased their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $36.58.

Vornado Realty Trust Company Profile

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