FNY Investment Advisers LLC Buys Shares of 95,520 Vornado Realty Trust (NYSE:VNO)

FNY Investment Advisers LLC purchased a new position in Vornado Realty Trust (NYSE:VNOFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 95,520 shares of the real estate investment trust’s stock, valued at approximately $4,015,000. Vornado Realty Trust comprises about 2.1% of FNY Investment Advisers LLC’s holdings, making the stock its 5th largest holding. FNY Investment Advisers LLC owned approximately 0.05% of Vornado Realty Trust as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in Vornado Realty Trust during the fourth quarter worth approximately $32,000. Versant Capital Management Inc boosted its holdings in shares of Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 872 shares during the period. Blue Trust Inc. grew its stake in Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 844 shares during the last quarter. Assetmark Inc. grew its stake in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Vornado Realty Trust during the 2nd quarter worth $48,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Performance

VNO stock opened at $38.44 on Tuesday. The company has a 50 day moving average price of $42.57 and a 200 day moving average price of $37.25. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week 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. The stock has a market capitalization of $7.33 billion, a PE ratio of -132.55 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNOGet Free Report) last issued its quarterly 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). The firm had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. Analysts forecast that Vornado Realty Trust will post 2.16 EPS 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 paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.70%. This is an increase 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 -255.17%.

Wall Street Analysts Forecast Growth

VNO has been the topic of several research analyst reports. Evercore ISI raised their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Scotiabank raised their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, Compass Point lifted their target price on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.61.

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Vornado Realty Trust Company Profile

(Free Report)

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

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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