GAMMA Investing LLC Buys 356 Shares of Vornado Realty Trust (NYSE:VNO)

GAMMA Investing LLC boosted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,768 shares of the real estate investment trust’s stock after purchasing an additional 356 shares during the quarter. GAMMA Investing LLC’s holdings in Vornado Realty Trust were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in Vornado Realty Trust by 1,014.0% in 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 during the last quarter. Blue Trust Inc. grew its stake in shares of Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 844 shares during the last quarter. Assetmark Inc. increased its position in Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vornado Realty Trust during the 2nd quarter valued at $48,000. Finally, Quarry LP bought a new stake in Vornado Realty Trust in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VNO. 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 research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. Barclays upped their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Finally, Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $48.00 in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.99 on Thursday. The stock has a market capitalization of $7.62 billion, a P/E ratio of -137.90 and a beta of 1.62. 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 50 day moving average of $42.72 and a 200-day moving average of $36.96.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data 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 business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 2.16 EPS 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. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a yield of 7.40%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.

Vornado Realty Trust Profile

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