JPMorgan Chase & Co. Decreases Stake in Vornado Realty Trust $VNO

JPMorgan Chase & Co. cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 40.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,973,951 shares of the real estate investment trust’s stock after selling 2,030,510 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.55% of Vornado Realty Trust worth $120,534,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 443 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter worth $39,000. Spire Wealth Management grew its stake in shares of 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 worth $68,000 after purchasing an additional 275 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Vornado Realty Trust by 238.9% in the third quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,443 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Vornado Realty Trust in the second quarter valued at $111,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of NYSE VNO opened at $29.06 on Monday. The stock has a market cap of $5.54 billion, a P/E ratio of 6.94, a P/E/G ratio of 1.44 and a beta of 1.52. Vornado Realty Trust has a twelve month low of $28.08 and a twelve month high of $43.37. The stock has a 50 day moving average of $32.40 and a two-hundred day moving average of $36.06. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $453.71 million during the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. On average, research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current 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 is 17.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Piper Sandler lowered their price objective on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Mizuho cut 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 report on Friday, December 12th. Wall Street Zen downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Scotiabank dropped their target price on shares of 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 assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.67.

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.