Venturi Wealth Management LLC Makes New $362,000 Investment in Vornado Realty Trust (NYSE:VNO)

Venturi Wealth Management LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,599 shares of the real estate investment trust’s stock, valued at approximately $362,000.

A number of other hedge funds also recently made changes to their positions in VNO. Creative Planning increased its position in Vornado Realty Trust by 16.5% during the 3rd quarter. Creative Planning now owns 30,971 shares of the real estate investment trust’s stock valued at $1,220,000 after purchasing an additional 4,389 shares during the period. Blue Trust Inc. boosted its stake in shares of Vornado Realty Trust by 331.0% in the 3rd 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. Raymond James & Associates boosted its stake in shares of Vornado Realty Trust by 38.5% in the 3rd quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock valued at $7,735,000 after purchasing an additional 54,539 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Vornado Realty Trust by 19.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 243,211 shares of the real estate investment trust’s stock worth $9,583,000 after buying an additional 39,481 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Vornado Realty Trust during the third quarter worth $1,669,000. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $39.65 on Friday. The company has a market cap of $7.57 billion, a P/E ratio of 991.35 and a beta of 1.62. The company has a fifty day simple moving average of $41.77 and a 200 day simple moving average of $39.89. 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 has a 12-month low of $22.42 and a 12-month high of $46.63.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal 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 issued a dividend of $0.74 per share. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s payout ratio is currently 1,850.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on VNO shares. Compass Point upped their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial upped their target price on 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 lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Scotiabank increased their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Company Profile

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