Wilmington Savings Fund Society FSB Makes New $176,000 Investment in Vornado Realty Trust (NYSE:VNO)

Wilmington Savings Fund Society FSB acquired a new stake in Vornado Realty Trust (NYSE:VNO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,475 shares of the real estate investment trust’s stock, valued at approximately $176,000.

Several other large investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its holdings in shares of Vornado Realty Trust by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Vornado Realty Trust by 0.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after acquiring an additional 299 shares during the period. US Bancorp DE boosted its stake in Vornado Realty Trust by 1.8% in the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 311 shares during the last quarter. Vert Asset Management LLC grew its position in shares of Vornado Realty Trust by 0.5% during the 3rd quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after acquiring an additional 324 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Vornado Realty Trust by 12.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 500 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $40.79 on Thursday. The firm’s 50 day simple moving average is $42.79 and its 200 day simple moving average is $35.19. 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 firm has a market capitalization of $7.78 billion, a PE ratio of -140.66 and a beta of 1.63.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same period in the previous year, the company posted $0.66 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is -255.17%.

Analyst Ratings Changes

Several equities analysts recently commented on VNO shares. Bank of America upped their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Finally, Compass Point lifted their target price on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.58.

Vornado Realty Trust Profile

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