CIBC Asset Management Inc Acquires 324 Shares of Vornado Realty Trust (NYSE:VNO)

CIBC Asset Management Inc grew its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,950 shares of the real estate investment trust’s stock after buying an additional 324 shares during the period. CIBC Asset Management Inc’s holdings in Vornado Realty Trust were worth $250,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Vornado Realty Trust by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after purchasing an additional 592,412 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vornado Realty Trust by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after purchasing an additional 39,147 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Vornado Realty Trust by 5.6% in the 3rd 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 purchasing an additional 149,017 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on VNO shares. The Goldman Sachs Group raised their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday. Evercore ISI raised their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Truist Financial raised 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. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Trading Up 1.7 %

Shares of Vornado Realty Trust stock opened at $39.35 on Wednesday. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The firm has a market cap of $7.51 billion, a PE ratio of 983.80, a P/E/G ratio of 9.69 and a beta of 1.62. The stock has a fifty day moving average price of $41.42 and a 200-day moving average price of $40.22. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

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

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.74 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.96 annualized dividend and a yield of 7.52%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is 1,850.00%.

Vornado Realty Trust Profile

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