Wipfli Financial Advisors LLC Purchases New Shares in Vornado Realty Trust (NYSE:VNO)

Wipfli Financial Advisors LLC purchased a new stake in shares of Vornado Realty Trust (NYSE:VNOGet Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,228 shares of the real estate investment trust’s stock, valued at approximately $28,000.

A number of other hedge funds also recently bought and sold shares of VNO. Fifth Third Bancorp increased its position in Vornado Realty Trust by 34.1% during the third quarter. Fifth Third Bancorp now owns 5,066 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,287 shares during the last quarter. Texas Permanent School Fund increased its position in Vornado Realty Trust by 8.3% during the third quarter. Texas Permanent School Fund now owns 22,608 shares of the real estate investment trust’s stock valued at $524,000 after acquiring an additional 1,737 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Vornado Realty Trust by 12.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 30,227 shares of the real estate investment trust’s stock valued at $700,000 after acquiring an additional 3,277 shares during the last quarter. Xponance Inc. increased its position in Vornado Realty Trust by 18.7% during the third quarter. Xponance Inc. now owns 23,009 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 3,626 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in Vornado Realty Trust by 22.2% during the third quarter. Eqis Capital Management Inc. now owns 53,625 shares of the real estate investment trust’s stock valued at $1,242,000 after acquiring an additional 9,730 shares during the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VNO shares. Morgan Stanley cut their price objective on shares of Vornado Realty Trust from $24.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vornado Realty Trust from $25.00 to $22.00 in a report on Wednesday, January 4th. Truist Financial cut their price target on shares of Vornado Realty Trust to $28.00 in a report on Wednesday, November 16th. Citigroup cut shares of Vornado Realty Trust from a “neutral” rating to a “sell” rating and cut their price target for the stock from $24.00 to $19.00 in a report on Wednesday, December 14th. Finally, Argus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $24.88.

Vornado Realty Trust Stock Up 0.4 %

NYSE:VNO opened at $22.25 on Friday. Vornado Realty Trust has a 1-year low of $20.03 and a 1-year high of $47.26. The company has a 50-day moving average of $22.75 and a 200 day moving average of $25.02. The firm has a market cap of $4.27 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.29. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Monday, January 30th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date of this dividend is Friday, January 27th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 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.

See Also

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

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