Vornado Realty Trust (NYSE:VNO) Stock Position Trimmed by Kestra Investment Management LLC

Kestra Investment Management LLC decreased its position in Vornado Realty Trust (NYSE:VNO) by 18.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,352 shares of the real estate investment trust’s stock after selling 1,414 shares during the period. Kestra Investment Management LLC’s holdings in Vornado Realty Trust were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning boosted its position in shares of Vornado Realty Trust by 16.5% during the third quarter. Creative Planning now owns 30,971 shares of the real estate investment trust’s stock worth $1,220,000 after buying an additional 4,389 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Vornado Realty Trust by 15.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,906 shares of the real estate investment trust’s stock worth $1,257,000 after acquiring an additional 4,219 shares during the period. Blue Trust Inc. grew its stake in shares of Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Vornado Realty Trust by 38.5% during the third quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock valued at $7,735,000 after purchasing an additional 54,539 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Vornado Realty Trust by 19.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 243,211 shares of the real estate investment trust’s stock valued at $9,583,000 after purchasing an additional 39,481 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $41.29 on Thursday. The company has a 50-day moving average of $41.87 and a two-hundred day moving average of $39.89. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 1,032.15 and a beta of 1.62. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, equities research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 7.17%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s payout ratio is presently 1,850.00%.

Analyst Upgrades and Downgrades

VNO has been the topic of several research analyst reports. Scotiabank raised their target price on shares of 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. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Barclays increased their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Evercore ISI raised their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Company Profile

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