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

Allspring Global Investments Holdings LLC reduced its holdings in Vornado Realty Trust (NYSE:VNO) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 0.13% of Vornado Realty Trust worth $10,220,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust in the 4th quarter worth about $32,000. UMB Bank n.a. increased its stake in Vornado Realty Trust by 53.2% in the 4th 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. Versant Capital Management Inc increased its stake 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 worth $40,000 after acquiring an additional 872 shares during the last quarter. Blue Trust Inc. increased its stake in Vornado Realty Trust by 331.0% in the 3rd 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. Finally, Assetmark Inc. increased its stake in Vornado Realty Trust by 122.2% in the 3rd 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 last quarter. 90.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VNO. Scotiabank increased their price objective 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. Compass Point increased their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Evercore ISI increased their price objective 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 increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Price Performance

Shares of VNO stock opened at $41.82 on Wednesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The firm has a market cap of $7.98 billion, a P/E ratio of -144.20 and a beta of 1.62. The business’s 50 day moving average price is $41.99 and its 200-day moving average price is $39.79.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. On average, equities 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 dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 7.08%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s payout ratio is presently 1,850.00%.

Vornado Realty Trust Company Profile

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