Vornado Realty Trust (NYSE:VNO) Shares Sold by Prospect Financial Services LLC

Prospect Financial Services LLC lowered its position in Vornado Realty Trust (NYSE:VNO) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,294 shares of the real estate investment trust’s stock after selling 7,140 shares during the period. Vornado Realty Trust comprises approximately 2.4% of Prospect Financial Services LLC’s holdings, making the stock its 14th largest position. Prospect Financial Services LLC owned about 0.06% of Vornado Realty Trust worth $4,469,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vert Asset Management LLC lifted its position in Vornado Realty Trust by 3.3% in the fourth quarter. Vert Asset Management LLC now owns 70,508 shares of the real estate investment trust’s stock valued at $2,964,000 after purchasing an additional 2,226 shares during the period. Pacer Advisors Inc. lifted its position in shares of Vornado Realty Trust by 3.7% during the 4th quarter. Pacer Advisors Inc. now owns 35,039 shares of the real estate investment trust’s stock valued at $1,473,000 after acquiring an additional 1,246 shares during the period. KBC Group NV lifted its position in shares of Vornado Realty Trust by 1,492.2% during the 4th quarter. KBC Group NV now owns 73,243 shares of the real estate investment trust’s stock valued at $3,079,000 after acquiring an additional 68,643 shares during the period. Blue Trust Inc. lifted its position in shares of Vornado Realty Trust by 61.6% during the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 677 shares during the period. Finally, MCF Advisors LLC lifted its position in shares of Vornado Realty Trust by 140.7% during the 4th quarter. MCF Advisors LLC now owns 3,812 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 2,228 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VNO shares. Evercore ISI lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Compass Point lifted their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Piper Sandler reiterated a “neutral” rating and set a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Stock Up 1.5 %

VNO stock opened at $42.62 on Tuesday. The stock has a market capitalization of $8.12 billion, a P/E ratio of -146.96 and a beta of 1.62. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The company has a 50 day moving average price of $42.19 and a two-hundred day moving average price of $38.40.

Vornado Realty Trust (NYSE:VNO) last released its 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). The firm had revenue of $443.26 million during 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 firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.16 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. Stockholders of record on Monday, December 16th were paid a dividend of $0.74 per share. 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. This represents a $2.96 annualized dividend and a dividend yield of 6.95%. Vornado Realty Trust’s payout ratio is currently -255.17%.

Vornado Realty Trust Company Profile

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