Centersquare Investment Management LLC Grows Position in Vornado Realty Trust $VNO

Centersquare Investment Management LLC boosted its holdings in Vornado Realty Trust (NYSE:VNO) by 1.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,172,261 shares of the real estate investment trust’s stock after purchasing an additional 42,323 shares during the quarter. Vornado Realty Trust comprises 1.3% of Centersquare Investment Management LLC’s portfolio, making the stock its 29th largest position. Centersquare Investment Management LLC owned approximately 1.65% of Vornado Realty Trust worth $128,572,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VNO. Spire Wealth Management lifted its position in Vornado Realty Trust by 19.6% during the third quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 275 shares during the period. Bfsg LLC raised its holdings in Vornado Realty Trust by 5.9% during the 3rd quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 280 shares during the period. Amalgamated Bank lifted its holdings in shares of Vornado Realty Trust by 0.4% in the 2nd quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock worth $2,933,000 after acquiring an additional 314 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Vornado Realty Trust by 4.7% during the second quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 330 shares during the period. Finally, Arjuna Capital grew its position in Vornado Realty Trust by 5.4% in the 3rd quarter. Arjuna Capital now owns 6,942 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 358 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VNO shares. Mizuho dropped their price objective on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday. Truist Financial lowered 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 report on Tuesday, December 16th. Wall Street Zen cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Evercore reduced their price objective on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, Scotiabank decreased their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average target price of $37.82.

Vornado Realty Trust Stock Up 2.7%

Vornado Realty Trust stock opened at $28.65 on Thursday. Vornado Realty Trust has a 1-year low of $27.76 and a 1-year high of $43.37. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. The stock’s 50 day moving average price is $32.02 and its 200 day moving average price is $35.88. The company has a market cap of $5.46 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 1.39 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The firm had revenue of $453.71 million during the quarter, compared to analyst estimates of $440.23 million. During the same period in the previous year, the firm posted $0.61 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Thursday, December 18th were paid a dividend of $0.74 per share. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 220.0%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 17.66%.

Vornado Realty Trust 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.