Empowered Funds LLC Grows Position in Vornado Realty Trust (NYSE:VNO)

Empowered Funds LLC grew its stake in shares of Vornado Realty Trust (NYSE:VNO) by 170.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,754 shares of the real estate investment trust’s stock after purchasing an additional 9,307 shares during the quarter. Empowered Funds LLC’s holdings in Vornado Realty Trust were worth $620,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $32,000. UMB Bank n.a. lifted 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 worth $32,000 after acquiring an additional 268 shares during the period. Versant Capital Management Inc lifted its stake in Vornado Realty Trust by 1,014.0% in the fourth 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 period. Blue Trust Inc. lifted its stake in Vornado Realty Trust by 331.0% in the third 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 period. Finally, Assetmark Inc. lifted its stake in Vornado Realty Trust by 122.2% in the third 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 period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

VNO opened at $41.82 on Wednesday. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. 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 stock has a fifty day simple moving average of $41.99 and a two-hundred day simple moving average of $39.79. The company has a market cap of $7.98 billion, a price-to-earnings ratio of -144.20 and a beta of 1.62.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Scotiabank raised their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI raised their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Truist Financial raised their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Profile

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