Mitsubishi UFJ Trust & Banking Corp Sells 2,176 Shares of Vornado Realty Trust (NYSE:VNO)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Vornado Realty Trust (NYSE:VNOGet Rating) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,556 shares of the real estate investment trust’s stock after selling 2,176 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vornado Realty Trust were worth $2,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of VNO. Arizona State Retirement System lifted its stake in shares of Vornado Realty Trust by 2.3% in the 1st quarter. Arizona State Retirement System now owns 45,353 shares of the real estate investment trust’s stock valued at $2,055,000 after acquiring an additional 1,021 shares during the last quarter. Ropes Wealth Advisors LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter valued at about $954,000. Commonwealth Equity Services LLC lifted its stake in shares of Vornado Realty Trust by 19.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 201,403 shares of the real estate investment trust’s stock valued at $9,127,000 after acquiring an additional 32,532 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Vornado Realty Trust by 71.8% in the 1st quarter. Victory Capital Management Inc. now owns 13,003 shares of the real estate investment trust’s stock valued at $503,000 after acquiring an additional 5,433 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Vornado Realty Trust by 9.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 30,554 shares of the real estate investment trust’s stock valued at $1,385,000 after acquiring an additional 2,536 shares during the last quarter. Institutional investors own 74.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday. Truist Financial lowered their price target on Vornado Realty Trust to $28.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on Vornado Realty Trust from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 13th. Evercore ISI lowered their price target on Vornado Realty Trust from $34.00 to $31.00 in a research report on Tuesday, September 27th. Finally, Mizuho lowered their price target on Vornado Realty Trust from $30.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, October 19th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.14.

Vornado Realty Trust Stock Down 0.3 %

Shares of NYSE:VNO opened at $23.98 on Friday. Vornado Realty Trust has a 52-week low of $20.03 and a 52-week high of $47.26. The firm has a market capitalization of $4.60 billion, a P/E ratio of 47.96, a P/E/G ratio of 2.36 and a beta of 1.24. The stock has a 50 day moving average price of $23.69 and a 200-day moving average price of $28.06. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.62 and a current ratio of 4.62.

Vornado Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 8.84%. The ex-dividend date was Friday, November 4th. Vornado Realty Trust’s dividend payout ratio is currently 424.00%.

Vornado Realty Trust Profile

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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.

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

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