Caprock Group LLC Makes New $240,000 Investment in Vornado Realty Trust (NYSE:VNO)

Caprock Group LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,714 shares of the real estate investment trust’s stock, valued at approximately $240,000.

A number of other institutional investors have also modified their holdings of VNO. UMB Bank n.a. lifted its holdings 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 during the last quarter. Thrivent Financial for Lutherans lifted 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 purchasing an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Vornado Realty Trust by 0.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock valued at $2,731,000 after purchasing an additional 299 shares during the period. US Bancorp DE grew its stake in Vornado Realty Trust by 1.8% during the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 311 shares during the last quarter. Finally, Vert Asset Management LLC grew its stake in 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 worth $2,690,000 after buying an additional 324 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Compass Point raised their price target 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. Evercore ISI lifted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Piper Sandler reissued a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Finally, StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Three 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.61.

Vornado Realty Trust Stock Up 1.5 %

VNO opened at $43.22 on Friday. 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 company has a market capitalization of $8.24 billion, a PE ratio of -149.04 and a beta of 1.62. The stock’s fifty day moving average is $42.17 and its 200-day moving average is $38.97. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS 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 business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same quarter last year, the firm posted $0.66 earnings per share. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued 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 dividend yield of 6.85%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s payout ratio is presently -255.17%.

About Vornado Realty Trust

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