Perpetual Ltd Purchases New Stake in Vornado Realty Trust (NYSE:VNO)

Perpetual Ltd acquired a new position in Vornado Realty Trust (NYSE:VNO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,180 shares of the real estate investment trust’s stock, valued at approximately $638,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at about $32,000. UMB Bank n.a. lifted its holdings in Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Versant Capital Management Inc boosted its stake in Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 872 shares during the period. Blue Trust Inc. grew its holdings in shares of Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 844 shares during the last quarter. Finally, Assetmark Inc. raised 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 purchasing an additional 661 shares during the period. Institutional investors own 90.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VNO. Compass Point upped their price objective 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. Truist Financial lifted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Evercore ISI upped their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Scotiabank lifted their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.61.

Vornado Realty Trust Price Performance

NYSE VNO opened at $41.49 on Thursday. 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 has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a market cap of $7.91 billion, a PE ratio of -143.07 and a beta of 1.62. The stock’s 50-day moving average price is $42.11 and its two-hundred day moving average price is $38.00.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The firm had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter last year, the company posted $0.66 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, analysts predict 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. Stockholders of record on Monday, December 16th were issued a dividend of $0.74 per share. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.13%. Vornado Realty Trust’s payout ratio is currently -255.17%.

About Vornado Realty Trust

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