Forsta AP Fonden Sells 3,200 Shares of Vornado Realty Trust (NYSE:VNO)

Forsta AP Fonden lowered its position in Vornado Realty Trust (NYSE:VNOGet Rating) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,500 shares of the real estate investment trust’s stock after selling 3,200 shares during the quarter. Forsta AP Fonden’s holdings in Vornado Realty Trust were worth $2,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Vornado Realty Trust by 5.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,578 shares of the real estate investment trust’s stock valued at $846,000 after acquiring an additional 1,652 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Vornado Realty Trust by 44.2% in the second quarter. Wolverine Asset Management LLC now owns 36,523 shares of the real estate investment trust’s stock valued at $1,044,000 after acquiring an additional 11,194 shares during the period. Pzena Investment Management LLC raised its stake in shares of Vornado Realty Trust by 6.8% in the first quarter. Pzena Investment Management LLC now owns 342,964 shares of the real estate investment trust’s stock valued at $15,543,000 after acquiring an additional 21,980 shares during the period. NuWave Investment Management LLC raised its stake in shares of Vornado Realty Trust by 513.9% in the second quarter. NuWave Investment Management LLC now owns 9,276 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 7,765 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Vornado Realty Trust in the first quarter valued at $213,000. Hedge funds and other institutional investors own 74.67% of the company’s stock.

Wall Street Analyst Weigh In

VNO has been the topic of several recent analyst reports. Truist Financial reduced their target price on shares of Vornado Realty Trust to $28.00 in a research note on Wednesday, November 16th. Mizuho reduced their price target on shares of Vornado Realty Trust from $30.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 19th. StockNews.com downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday. Evercore ISI reduced their price target on shares of Vornado Realty Trust from $34.00 to $31.00 in a research note on Tuesday, September 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $27.14.

Vornado Realty Trust Trading Down 0.3 %

NYSE VNO opened at $23.98 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.62 and a current ratio of 4.62. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 47.96, a price-to-earnings-growth ratio of 2.36 and a beta of 1.24. The company’s 50-day simple moving average is $23.69 and its two-hundred day simple moving average is $27.99. Vornado Realty Trust has a one year low of $20.03 and a one year high of $47.26.

Vornado Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date of this dividend was Friday, November 4th. Vornado Realty Trust’s dividend payout ratio (DPR) is 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.

See Also

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

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