Macquarie Group Ltd. Grows Position in Vornado Realty Trust (NYSE:VNO)

Macquarie Group Ltd. grew its stake in shares of Vornado Realty Trust (NYSE:VNO – Get Rating) by 29.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,876 shares of the real estate investment trust’s stock after buying an additional 22,272 shares during the period. Macquarie Group Ltd. owned 0.05% of Vornado Realty Trust worth $2,411,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Allstate Corp grew its position in shares of Vornado Realty Trust by 92.9% in the third quarter. Allstate Corp now owns 25,829 shares of the real estate investment trust’s stock valued at $598,000 after purchasing an additional 12,437 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Vornado Realty Trust by 925.2% in the third quarter. Cubist Systematic Strategies LLC now owns 122,582 shares of the real estate investment trust’s stock valued at $2,839,000 after purchasing an additional 110,625 shares during the period. Renaissance Technologies LLC grew its position in shares of Vornado Realty Trust by 43.5% in the third quarter. Renaissance Technologies LLC now owns 320,099 shares of the real estate investment trust’s stock valued at $7,413,000 after purchasing an additional 97,000 shares during the period. Heitman Real Estate Securities LLC grew its position in shares of Vornado Realty Trust by 14.3% in the third quarter. Heitman Real Estate Securities LLC now owns 72,278 shares of the real estate investment trust’s stock valued at $1,674,000 after purchasing an additional 9,044 shares during the period. Finally, Penserra Capital Management LLC grew its position in shares of Vornado Realty Trust by 10.8% in the third quarter. Penserra Capital Management LLC now owns 11,932 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 1,160 shares during the period. Hedge funds and other institutional investors own 75.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VNO shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Vornado Realty Trust from $25.00 to $22.00 in a research report on Wednesday, January 4th. BMO Capital Markets downgraded Vornado Realty Trust from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $26.00 to $18.00 in a research report on Friday, March 3rd. TheStreet downgraded Vornado Realty Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, February 15th. Truist Financial lowered their price target on Vornado Realty Trust to $28.00 in a research report on Wednesday, November 16th. Finally, Mizuho raised Vornado Realty Trust from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $23.00 in a research report on Wednesday, January 4th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.00.

Vornado Realty Trust Trading Down 4.7 %

Shares of VNO opened at $17.88 on Friday. The stock’s 50-day moving average is $22.00 and its two-hundred day moving average is $23.27. Vornado Realty Trust has a 12 month low of $17.83 and a 12 month high of $47.26. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.03 and a current ratio of 5.03.

Vornado Realty Trust (NYSE:VNO – Get Rating) last issued its quarterly earnings data 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 company had revenue of $446.94 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, research analysts anticipate that Vornado Realty Trust will post 2.73 earnings per share for the current fiscal year.

Vornado Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Monday, January 30th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date was Friday, January 27th. Vornado Realty Trust’s dividend payout ratio 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.