JPMorgan Chase & Co. Purchases 2,468,652 Shares of Vornado Realty Trust (NYSE:VNO)

JPMorgan Chase & Co. raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 232.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,529,069 shares of the real estate investment trust’s stock after acquiring an additional 2,468,652 shares during the period. JPMorgan Chase & Co. owned about 1.85% of Vornado Realty Trust worth $139,045,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VNO. Victory Capital Management Inc. grew its position in Vornado Realty Trust by 2.0% during the 2nd quarter. Victory Capital Management Inc. now owns 53,612 shares of the real estate investment trust’s stock worth $1,409,000 after acquiring an additional 1,055 shares during the last quarter. Arizona State Retirement System boosted its position in Vornado Realty Trust by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 45,327 shares of the real estate investment trust’s stock valued at $1,192,000 after buying an additional 868 shares during the period. Texas Permanent School Fund Corp grew its holdings in Vornado Realty Trust by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 140,749 shares of the real estate investment trust’s stock worth $3,700,000 after acquiring an additional 832 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Vornado Realty Trust by 91.3% during the second quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock valued at $22,418,000 after acquiring an additional 406,965 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in shares of Vornado Realty Trust by 31.7% during the second quarter. Meeder Advisory Services Inc. now owns 10,409 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 2,507 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on VNO. Scotiabank upped their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Truist Financial raised their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Compass Point increased their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays lifted their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.58.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $42.04 on Thursday. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of -144.97 and a beta of 1.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The firm’s 50-day moving average is $42.84 and its 200 day moving average is $36.44.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The firm had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Vornado Realty Trust’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Sell-side analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a yield of 7.04%. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.