Nisa Investment Advisors LLC Sells 5,242 Shares of Vornado Realty Trust (NYSE:VNO)

Nisa Investment Advisors LLC cut its holdings in Vornado Realty Trust (NYSE:VNO) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,139 shares of the real estate investment trust’s stock after selling 5,242 shares during the period. Nisa Investment Advisors LLC’s holdings in Vornado Realty Trust were worth $2,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. boosted its holdings in Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after purchasing an additional 592,412 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after purchasing an additional 2,468,652 shares during the period. Geode Capital Management LLC boosted its holdings in Vornado Realty Trust by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock valued at $122,417,000 after purchasing an additional 39,147 shares during the period. Principal Financial Group Inc. boosted its holdings in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after purchasing an additional 2,286,997 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vornado Realty Trust by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock valued at $110,370,000 after purchasing an additional 149,017 shares during the period. 90.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VNO has been the subject of several analyst reports. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Compass Point raised 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 report on Wednesday, November 6th. Evercore ISI raised their price objective 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. Truist Financial raised their price objective 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. Finally, StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $41.98 on Monday. The stock has a market cap of $8.00 billion, a PE ratio of -144.77 and a beta of 1.62. The company’s fifty day moving average is $42.14 and its 200 day moving average is $38.30. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93.

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

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.74 dividend. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.05%. Vornado Realty Trust’s payout ratio is presently -255.17%.

Vornado Realty Trust Company Profile

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