Bank of New York Mellon Corp Acquires 21,115 Shares of Vornado Realty Trust (NYSE:VNO)

Bank of New York Mellon Corp boosted its position in shares of Vornado Realty Trust (NYSE:VNO) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,380,793 shares of the real estate investment trust’s stock after purchasing an additional 21,115 shares during the quarter. Bank of New York Mellon Corp owned about 0.72% of Vornado Realty Trust worth $58,049,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. boosted its holdings in shares of Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of 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 buying an additional 872 shares during the last quarter. Assetmark Inc. grew its position in Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares during the period. Finally, Quarry LP bought a new stake in Vornado Realty Trust during the third quarter valued at approximately $54,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Compass Point boosted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Finally, Evercore ISI lifted their price target 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. Two 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 stock. According to MarketBeat, Vornado Realty Trust has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Price Performance

VNO stock opened at $39.40 on Wednesday. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The company’s fifty day moving average price is $41.41 and its 200-day moving average price is $40.49. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The company has a market capitalization of $7.52 billion, a PE ratio of 984.88, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62.

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

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 7.51%. 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 payout ratio is currently 1,850.00%.

Vornado Realty Trust Profile

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