AlphaQuest LLC Decreases Stake in Vornado Realty Trust $VNO

AlphaQuest LLC decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 66.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,092 shares of the real estate investment trust’s stock after selling 16,260 shares during the quarter. AlphaQuest LLC’s holdings in Vornado Realty Trust were worth $328,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Vornado Realty Trust during the 2nd quarter worth $665,094,000. JPMorgan Chase & Co. lifted its stake in shares of Vornado Realty Trust by 88.1% in the second quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock valued at $191,371,000 after purchasing an additional 2,344,037 shares during the period. Pacer Advisors Inc. boosted its holdings in Vornado Realty Trust by 27,787.3% during the third quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock worth $60,379,000 after buying an additional 1,484,395 shares in the last quarter. Resolution Capital Ltd acquired a new position in Vornado Realty Trust during the second quarter worth about $49,565,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in Vornado Realty Trust by 48.0% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock valued at $55,044,000 after buying an additional 466,621 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 2.7%

VNO opened at $31.29 on Monday. The firm has a market cap of $6.01 billion, a P/E ratio of 7.45, a PEG ratio of 5.42 and a beta of 1.52. The business’s fifty day simple moving average is $33.48 and its 200 day simple moving average is $36.67. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $45.37. The company has a quick ratio of 5.58, a current ratio of 5.58 and a debt-to-equity ratio of 1.42.

Vornado Realty Trust Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were given a dividend of $0.74 per share. The ex-dividend date was Thursday, December 18th. This represents a yield of 220.0%. Vornado Realty Trust’s dividend payout ratio (DPR) is 17.62%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Truist Financial decreased their target price on 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. Scotiabank lowered their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. Evercore cut their price target on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Finally, Mizuho decreased their price objective on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.31.

About Vornado Realty Trust

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.