Private Advisor Group LLC Trims Stock Position in Vornado Realty Trust (NYSE:VNO)

Private Advisor Group LLC lowered its stake in shares of Vornado Realty Trust (NYSE:VNO) by 6.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,668 shares of the real estate investment trust’s stock after selling 796 shares during the period. Private Advisor Group LLC’s holdings in Vornado Realty Trust were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VNO. Principal Financial Group Inc. grew its position in shares of Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after acquiring an additional 3,575,593 shares during the period. JPMorgan Chase & Co. grew its position in shares of Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after acquiring an additional 2,468,652 shares during the period. Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at about $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Vornado Realty Trust by 381.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after acquiring an additional 955,071 shares during the period. Finally, Heitman Real Estate Securities LLC grew its position in shares of Vornado Realty Trust by 2,021.1% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after acquiring an additional 947,562 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 4.6 %

Shares of NYSE VNO opened at $40.09 on Tuesday. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 1,002.25, a PEG ratio of 9.69 and a beta of 1.62. 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 has a 52-week low of $22.42 and a 52-week high of $46.63. The business’s 50 day moving average is $41.45 and its two-hundred day moving average is $40.44.

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 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%. Research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.74 per share. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.38%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is presently 1,850.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VNO. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group raised their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 25th. Compass Point raised their target price 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. Evercore ISI lifted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Company Profile

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