Advisors Preferred LLC Grows Stake in Vornado Realty Trust (NYSE:VNO)

Advisors Preferred LLC grew its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 58.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,927 shares of the real estate investment trust’s stock after purchasing an additional 30,171 shares during the period. Advisors Preferred LLC’s holdings in Vornado Realty Trust were worth $3,492,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VNO. State of Alaska Department of Revenue raised its stake in Vornado Realty Trust by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 103,450 shares of the real estate investment trust’s stock worth $4,348,000 after acquiring an additional 486 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in Vornado Realty Trust during the 4th quarter worth approximately $586,000. Vanderbilt University lifted its holdings in Vornado Realty Trust by 47.6% in the 4th quarter. Vanderbilt University now owns 23,589 shares of the real estate investment trust’s stock valued at $992,000 after purchasing an additional 7,602 shares in the last quarter. abrdn plc grew its stake in Vornado Realty Trust by 58.4% during the 4th quarter. abrdn plc now owns 55,153 shares of the real estate investment trust’s stock valued at $2,282,000 after acquiring an additional 20,341 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in Vornado Realty Trust during the fourth quarter worth approximately $240,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VNO shares. Barclays upped their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Evercore ISI upped their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Truist Financial increased their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler reiterated a “neutral” rating and set a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Three 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. Based on data from MarketBeat.com, the company 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 $42.97 on Friday. The company’s fifty day moving average is $42.17 and its two-hundred day moving average is $39.00. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 6.89%. 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. Vornado Realty Trust’s payout ratio is -255.17%.

Vornado Realty Trust Company Profile

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