16,246 Shares in Vornado Realty Trust (NYSE:VNO) Bought by Oak Thistle LLC

Oak Thistle LLC acquired a new position in Vornado Realty Trust (NYSE:VNO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,246 shares of the real estate investment trust’s stock, valued at approximately $683,000.

Other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust during the fourth quarter worth about $32,000. Versant Capital Management Inc lifted its stake in shares of Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 872 shares in the last quarter. Blue Trust Inc. boosted its holdings in 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 worth $43,000 after buying an additional 844 shares during the period. Assetmark Inc. grew its stake in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares in the last quarter. Finally, Quarry LP bought a new stake in Vornado Realty Trust during the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

VNO has been the subject of a number of analyst reports. Barclays raised their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Truist Financial lifted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Evercore ISI increased their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Compass Point boosted their price objective on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $40.90 on Thursday. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The stock has a market cap of $7.80 billion, a P/E ratio of -141.03 and a beta of 1.62. The firm’s fifty day moving average price is $42.38 and its 200-day moving average price is $37.46.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. On average, equities research 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 was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.74 per share. This is a boost 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 7.24%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently -255.17%.

Vornado Realty Trust Company Profile

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