Friedenthal Financial Has $87,000 Position in Vornado Realty Trust $VNO

Friedenthal Financial lowered its holdings in Vornado Realty Trust (NYSE:VNO) by 91.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,147 shares of the real estate investment trust’s stock after selling 24,031 shares during the quarter. Friedenthal Financial’s holdings in Vornado Realty Trust were worth $87,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Twin Tree Management LP boosted its holdings in Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 38,585 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Vornado Realty Trust during the 2nd quarter worth approximately $111,000. Assetmark Inc. lifted its position in shares of Vornado Realty Trust by 63.7% during the 2nd quarter. Assetmark Inc. now owns 3,004 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 1,169 shares during the period. State of Wyoming acquired a new stake in Vornado Realty Trust in the 2nd quarter valued at $175,000. Finally, Bfsg LLC grew its position in Vornado Realty Trust by 14.4% in the second quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 600 shares during the period. Institutional investors own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VNO. Citigroup raised Vornado Realty Trust from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $42.00 in a report on Friday, September 12th. LADENBURG THALM/SH SH initiated coverage on shares of Vornado Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $48.00 target price for the company. Mizuho cut their price target on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Truist Financial reduced their price target on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, Piper Sandler dropped their price objective on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and a consensus price target of $38.46.

Vornado Realty Trust Stock Down 1.1%

Shares of NYSE VNO opened at $33.03 on Wednesday. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $45.37. The firm’s 50-day simple moving average is $36.12 and its 200 day simple moving average is $38.12. The company has a quick ratio of 5.58, a current ratio of 5.58 and a debt-to-equity ratio of 1.42. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 5.89 and a beta of 1.47.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. Vornado Realty Trust had a net margin of 49.91% and a return on equity of 19.48%. The firm had revenue of $453.70 million during the quarter, compared to analysts’ expectations of $435.19 million. During the same quarter last year, the company posted $0.52 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, December 29th. Investors of record on Thursday, December 18th will be given a $0.74 dividend. This represents a yield of 220.0%. The ex-dividend date is Thursday, December 18th. Vornado Realty Trust’s payout ratio is 17.62%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.