Envestnet Asset Management Inc. Sells 1,199 Shares of Vornado Realty Trust (NYSE:VNO)

Envestnet Asset Management Inc. lessened its stake in shares of Vornado Realty Trust (NYSE:VNOGet Rating) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,260 shares of the real estate investment trust’s stock after selling 1,199 shares during the period. Envestnet Asset Management Inc.’s holdings in Vornado Realty Trust were worth $2,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of VNO. Crossmark Global Holdings Inc. boosted its holdings in shares of Vornado Realty Trust by 6.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 9,890 shares of the real estate investment trust’s stock valued at $448,000 after acquiring an additional 600 shares in the last quarter. M&T Bank Corp lifted its holdings in Vornado Realty Trust by 4.8% during the 1st quarter. M&T Bank Corp now owns 17,075 shares of the real estate investment trust’s stock worth $774,000 after buying an additional 784 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Vornado Realty Trust by 170.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 804 shares during the period. Gitterman Wealth Management LLC lifted its holdings in Vornado Realty Trust by 11.2% during the 1st quarter. Gitterman Wealth Management LLC now owns 8,096 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 818 shares during the period. Finally, MCF Advisors LLC acquired a new position in Vornado Realty Trust during the 1st quarter worth about $37,000. Institutional investors own 74.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Piper Sandler dropped their price objective on Vornado Realty Trust from $20.00 to $17.00 and set an “underweight” rating on the stock in a research note on Friday, October 7th. Truist Financial dropped their price objective on Vornado Realty Trust to $28.00 in a research note on Wednesday. Morgan Stanley dropped their price objective on Vornado Realty Trust from $25.00 to $24.00 and set an “underweight” rating on the stock in a research note on Friday, September 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Vornado Realty Trust from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 13th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.14.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $24.36 on Thursday. Vornado Realty Trust has a one year low of $20.03 and a one year high of $47.26. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 2.54 and a beta of 1.24. The business has a 50-day simple moving average of $23.84 and a 200 day simple moving average of $28.26. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.62 and a quick ratio of 4.62.

Vornado Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, November 7th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Friday, November 4th. Vornado Realty Trust’s payout ratio is 424.00%.

Vornado Realty Trust Company Profile

(Get Rating)

Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.

Featured Stories

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.