Van ECK Associates Corp Has $3.33 Million Holdings in Vornado Realty Trust (NYSE:VNO)

Van ECK Associates Corp increased its stake in shares of Vornado Realty Trust (NYSE:VNO) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,129 shares of the real estate investment trust’s stock after acquiring an additional 1,335 shares during the period. Van ECK Associates Corp’s holdings in Vornado Realty Trust were worth $3,327,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Vornado Realty Trust by 170.9% in the 4th quarter. Empowered Funds LLC now owns 14,754 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 9,307 shares during the period. Advisors Preferred LLC grew its holdings in shares of Vornado Realty Trust by 58.3% during the fourth quarter. Advisors Preferred LLC now owns 81,927 shares of the real estate investment trust’s stock worth $3,492,000 after buying an additional 30,171 shares in the last quarter. State of Alaska Department of Revenue raised its position in Vornado Realty Trust by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 103,450 shares of the real estate investment trust’s stock valued at $4,348,000 after buying an additional 486 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in Vornado Realty Trust in the 4th quarter valued at approximately $586,000. Finally, Vanderbilt University lifted its stake in Vornado Realty Trust by 47.6% in the 4th quarter. Vanderbilt University now owns 23,589 shares of the real estate investment trust’s stock valued at $992,000 after acquiring an additional 7,602 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on VNO shares. Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $37.98.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $41.29 on Thursday. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 1,032.15 and a beta of 1.62. The stock’s 50 day moving average price is $41.87 and its two-hundred day moving average price is $39.89. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. On average, analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 1,850.00%.

Vornado Realty Trust Company Profile

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