Ieq Capital LLC Has $275,000 Position in Vornado Realty Trust (NYSE:VNO)

Ieq Capital LLC grew its position in Vornado Realty Trust (NYSE:VNO) by 7.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,537 shares of the real estate investment trust’s stock after buying an additional 458 shares during the period. Ieq Capital LLC’s holdings in Vornado Realty Trust were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VNO. ORG Wealth Partners LLC acquired a new stake in Vornado Realty Trust in the fourth quarter worth about $32,000. UMB Bank n.a. grew its position in shares of Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 268 shares during the period. Versant Capital Management Inc grew its position in shares of Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 872 shares during the period. Blue Trust Inc. grew its position in shares of Vornado Realty Trust by 331.0% during the 3rd 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. Finally, Assetmark Inc. grew its position in shares of Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 661 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Compass Point lifted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial boosted their target price 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. Evercore ISI boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Stock Up 2.5 %

VNO stock opened at $42.03 on Friday. The business’s 50 day simple moving average is $41.44 and its 200 day simple moving average is $40.22. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The firm has a market capitalization of $8.02 billion, a PE ratio of 1,050.75, a PEG ratio of 9.69 and a beta of 1.62. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a yield of 7.04%. Vornado Realty Trust’s dividend payout ratio (DPR) is 1,850.00%.

Vornado Realty Trust Company Profile

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