Allspring Global Investments Holdings LLC Sells 3,428 Shares of Vornado Realty Trust (NYSE:VNO)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,783 shares of the real estate investment trust’s stock after selling 3,428 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.13% of Vornado Realty Trust worth $10,220,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

VNO has been the subject of several recent research reports. Scotiabank lifted their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. 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 research report on Wednesday, November 6th. Finally, Truist Financial lifted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average price target of $37.98.

Vornado Realty Trust Stock Down 1.2 %

VNO stock opened at $41.82 on Wednesday. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The business’s 50 day moving average price is $41.99 and its two-hundred day moving average price is $39.79. 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 $7.98 billion, a price-to-earnings ratio of -144.20 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share 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, analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 annualized dividend and a dividend yield of 7.08%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is presently 1,850.00%.

Vornado Realty Trust Profile

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