Vornado Realty Trust (NYSE:VNO) Shares Acquired by UBS Group AG

UBS Group AG increased its stake in Vornado Realty Trust (NYSE:VNO – Get Rating) by 35.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 246,991 shares of the real estate investment trust’s stock after acquiring an additional 64,791 shares during the quarter. UBS Group AG owned approximately 0.13% of Vornado Realty Trust worth $5,720,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new position in shares of Vornado Realty Trust in the 3rd quarter worth $28,000. SOA Wealth Advisors LLC. lifted its position in shares of Vornado Realty Trust by 540.6% in the third quarter. SOA Wealth Advisors LLC. now owns 1,294 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,092 shares during the last quarter. Allworth Financial LP lifted its position in shares of Vornado Realty Trust by 40,700.0% in the third quarter. Allworth Financial LP now owns 1,632 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,628 shares during the last quarter. Ellevest Inc. lifted its position in shares of Vornado Realty Trust by 46.4% during the 3rd quarter. Ellevest Inc. now owns 2,128 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 674 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Vornado Realty Trust by 223.0% during the 2nd quarter. Federated Hermes Inc. now owns 1,938 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,338 shares during the last quarter. 75.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VNO has been the subject of several research analyst reports. TheStreet cut Vornado Realty Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, February 15th. StockNews.com cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Morgan Stanley cut their price target on Vornado Realty Trust from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Wednesday, November 23rd. Argus cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Finally, Mizuho raised Vornado Realty Trust from an “underperform” rating to a “neutral” rating and cut their price target for the company from $25.00 to $23.00 in a report on Wednesday, January 4th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.88.

Vornado Realty Trust Trading Down 1.9 %

VNO stock opened at $20.01 on Tuesday. The firm has a market cap of $3.84 billion, a P/E ratio of -9.39, a P/E/G ratio of 2.27 and a beta of 1.36. Vornado Realty Trust has a 1-year low of $19.92 and a 1-year high of $47.26. The business’s 50 day moving average is $22.34 and its 200-day moving average is $23.77. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 1.71.

Vornado Realty Trust (NYSE:VNO – Get Rating) last released its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.57). The business had revenue of $446.94 million for the quarter, compared to the consensus estimate of $452.88 million. Vornado Realty Trust had a positive return on equity of 3.01% and a negative net margin of 19.25%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Equities analysts anticipate that Vornado Realty Trust will post 2.72 earnings per share for the current fiscal year.

Vornado Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Monday, January 30th were given a dividend of $0.375 per share. The ex-dividend date was Friday, January 27th. This represents a $1.50 dividend on an annualized basis and a yield of 7.50%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently -70.42%.

About Vornado Realty Trust

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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.