Ellevest Inc. Has $49,000 Holdings in Vornado Realty Trust (NYSE:VNO)

Ellevest Inc. grew its position in Vornado Realty Trust (NYSE:VNOGet Rating) by 46.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,128 shares of the real estate investment trust’s stock after buying an additional 674 shares during the quarter. Ellevest Inc.’s holdings in Vornado Realty Trust were worth $49,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wipfli Financial Advisors LLC purchased a new position in shares of Vornado Realty Trust during the third quarter valued at $28,000. SOA Wealth Advisors LLC. boosted its position in Vornado Realty Trust by 540.6% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,294 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,092 shares during the period. Allworth Financial LP grew its stake in Vornado Realty Trust by 40,700.0% during the 3rd quarter. Allworth Financial LP now owns 1,632 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,628 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Vornado Realty Trust by 223.0% in the 2nd quarter. Federated Hermes Inc. now owns 1,938 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 1,338 shares during the period. Finally, CWM LLC lifted its position in shares of Vornado Realty Trust by 179.9% in the third quarter. CWM LLC now owns 2,382 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,531 shares in the last quarter. 75.97% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO opened at $22.25 on Monday. The business’s 50-day simple moving average is $22.75 and its 200-day simple moving average is $24.95. 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 has a 52 week low of $20.03 and a 52 week high of $47.26. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 44.50, a P/E/G ratio of 2.48 and a beta of 1.29.

Vornado Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Monday, January 30th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date is Friday, January 27th. Vornado Realty Trust’s dividend payout ratio is 424.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citigroup downgraded shares of Vornado Realty Trust from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $24.00 to $19.00 in a research report on Wednesday, December 14th. Mizuho upgraded Vornado Realty Trust from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $23.00 in a research note on Wednesday, January 4th. Piper Sandler dropped their target price on Vornado Realty Trust from $20.00 to $17.00 and set an “underweight” rating on the stock in a research report on Friday, October 7th. Truist Financial reduced their price target on Vornado Realty Trust to $28.00 in a report on Wednesday, November 16th. Finally, StockNews.com downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.88.

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

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

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