ORG Wealth Partners LLC Acquires New Stake in Vornado Realty Trust (NYSE:VNO)

ORG Wealth Partners LLC bought a new position in Vornado Realty Trust (NYSE:VNO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 753 shares of the real estate investment trust’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Thrivent Financial for Lutherans increased its position in shares of Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after purchasing an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Vornado Realty Trust by 0.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after buying an additional 299 shares in the last quarter. US Bancorp DE increased its holdings in shares of Vornado Realty Trust by 1.8% in the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 311 shares during the last quarter. Vert Asset Management LLC raised its position in shares of Vornado Realty Trust by 0.5% during the 3rd quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after buying an additional 324 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Vornado Realty Trust by 8.1% during the 4th quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

VNO has been the topic of a number of research analyst reports. Scotiabank increased their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Compass Point raised their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Barclays lifted their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Finally, Evercore ISI increased their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $37.77 on Friday. The company’s fifty day simple moving average is $42.64 and its two-hundred day simple moving average is $37.00. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The firm has a market cap of $7.20 billion, a PE ratio of -130.24 and a beta of 1.62. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same period in the previous year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts expect that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 7.84%. Vornado Realty Trust’s payout ratio is -255.17%.

Vornado Realty Trust Profile

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