Neo Ivy Capital Management boosted its holdings in Vornado Realty Trust (NYSE:VNO – Get Rating) by 122.3% in the third quarter, HoldingsChannel reports. The firm owned 3,516 shares of the real estate investment trust's stock after purchasing an additional 1,934 shares during the period. Neo Ivy Capital Management's holdings in Vornado Realty Trust were worth $81,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new stake in Vornado Realty Trust in the third quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its stake in Vornado Realty Trust by 170.0% in the first quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 804 shares during the period. SOA Wealth Advisors LLC. grew its stake in Vornado Realty Trust by 540.6% in the third quarter. SOA Wealth Advisors LLC. now owns 1,294 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 1,092 shares during the period. Allworth Financial LP grew its stake in Vornado Realty Trust by 40,700.0% in the third quarter. Allworth Financial LP now owns 1,632 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 1,628 shares during the period. Finally, Federated Hermes Inc. grew its stake in Vornado Realty Trust by 223.0% in the second quarter. Federated Hermes Inc. now owns 1,938 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 1,338 shares during the period. 75.97% of the stock is currently owned by institutional investors.
Get Vornado Realty Trust alerts:Analyst Ratings Changes
A number of equities research analysts have commented on VNO shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Vornado Realty Trust from $25.00 to $22.00 in a research note on Wednesday, January 4th. TheStreet cut Vornado Realty Trust from a "c-" rating to a "d+" rating in a research note on Wednesday, February 15th. Truist Financial reduced their price objective on Vornado Realty Trust to $28.00 in a research note on Wednesday, November 16th. StockNews.com cut Vornado Realty Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, January 3rd. Finally, Argus cut Vornado Realty Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, November 22nd. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Vornado Realty Trust presently has an average rating of "Hold" and an average target price of $22.00.
Vornado Realty Trust Stock Performance
Shares of NYSE:VNO opened at $17.11 on Friday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 1.71. Vornado Realty Trust has a 12-month low of $16.77 and a 12-month high of $47.26. The business's 50 day moving average is $21.93 and its 200 day moving average is $23.16.
Vornado Realty Trust (NYSE:VNO – Get Rating) last issued its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.57). The business had revenue of $446.94 million for the quarter, compared to the consensus estimate of $452.88 million. Vornado Realty Trust had a positive return on equity of 3.01% and a negative net margin of 19.25%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. As a group, equities analysts predict that Vornado Realty Trust will post 2.72 EPS for the current fiscal year.
Vornado Realty Trust Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Monday, January 30th were issued a dividend of $0.375 per share. The ex-dividend date was Friday, January 27th. This represents a $1.50 dividend on an annualized basis and a yield of 8.77%. Vornado Realty Trust's dividend payout ratio (DPR) is currently -70.42%.
Vornado Realty Trust Profile
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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.
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