New York State Common Retirement Fund Cuts Position in Vornado Realty Trust (NYSE:VNO)

New York State Common Retirement Fund cut its stake in Vornado Realty Trust (NYSE:VNO) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 901,867 shares of the real estate investment trust’s stock after selling 8,564 shares during the period. New York State Common Retirement Fund owned about 0.47% of Vornado Realty Trust worth $37,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position 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 in the last quarter. Thrivent Financial for Lutherans boosted its position in Vornado Realty Trust by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after buying an additional 272 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Vornado Realty Trust by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock valued at $2,731,000 after buying an additional 299 shares during the period. US Bancorp DE boosted its position in Vornado Realty Trust by 1.8% during the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock valued at $691,000 after buying an additional 311 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Vornado Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 324 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on VNO. Truist Financial upped their price target 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. 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. Barclays upped their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Evercore ISI upped 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. Finally, Scotiabank upped their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.98.

Vornado Realty Trust Price Performance

VNO stock opened at $39.65 on Friday. 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 $7.57 billion, a P/E ratio of 991.35 and a beta of 1.62. The firm has a 50-day moving average of $41.77 and a 200 day moving average of $39.89. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.74 dividend. This is an increase 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 of this dividend was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio is presently 1,850.00%.

About Vornado Realty Trust

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