Choreo LLC Trims Stock Position in Vornado Realty Trust (NYSE:VNO)

Choreo LLC trimmed its stake in Vornado Realty Trust (NYSE:VNO) by 39.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,508 shares of the real estate investment trust’s stock after selling 3,562 shares during the period. Choreo LLC’s holdings in Vornado Realty Trust were worth $228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VNO. UMB Bank n.a. increased its stake 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 valued at $32,000 after purchasing an additional 268 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Vornado Realty Trust by 0.7% during the third 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Vornado Realty Trust by 0.4% during 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 buying an additional 299 shares during the last quarter. US Bancorp DE increased its position in Vornado Realty Trust by 1.8% in the 3rd 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 period. Finally, Vert Asset Management LLC raised 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 valued at $2,690,000 after acquiring an additional 324 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Price Performance

VNO stock opened at $42.36 on Friday. The company has a market cap of $8.08 billion, a price-to-earnings ratio of -146.08 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. The firm has a 50 day moving average of $42.06 and a 200-day moving average of $39.56. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. As a group, equities analysts expect that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 6.99%. 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. Vornado Realty Trust’s dividend payout ratio is presently 1,850.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Scotiabank boosted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial lifted their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.98.

Vornado Realty Trust Profile

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