Vornado Realty Trust $VNO Stake Decreased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 53.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,100 shares of the real estate investment trust’s stock after selling 112,900 shares during the quarter. Nan Fung Trinity HK Ltd.’s holdings in Vornado Realty Trust were worth $3,976,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Vornado Realty Trust in the 2nd quarter worth $665,094,000. JPMorgan Chase & Co. lifted its holdings in Vornado Realty Trust by 88.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock valued at $191,371,000 after acquiring an additional 2,344,037 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Vornado Realty Trust by 27,787.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock worth $60,379,000 after purchasing an additional 1,484,395 shares during the last quarter. Resolution Capital Ltd bought a new stake in shares of Vornado Realty Trust in the 2nd quarter worth approximately $49,565,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in Vornado Realty Trust by 48.0% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock valued at $55,044,000 after purchasing an additional 466,621 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $31.87 on Friday. The company has a market capitalization of $6.12 billion, a PE ratio of 7.59, a PEG ratio of 5.50 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 5.58 and a current ratio of 5.58. The company’s 50 day moving average price is $34.06 and its 200 day moving average price is $36.99. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $45.37.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a net margin of 49.91% and a return on equity of 19.48%. The business had revenue of $453.70 million for the quarter, compared to the consensus estimate of $435.19 million. During the same period in the prior year, the business posted $0.52 earnings per share. Vornado Realty Trust’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were given a dividend of $0.74 per share. This represents a yield of 220.0%. The ex-dividend date of this dividend was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 17.62%.

Wall Street Analysts Forecast Growth

VNO has been the topic of a number of recent research reports. Scotiabank decreased their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. LADENBURG THALM/SH SH initiated coverage on Vornado Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $48.00 price target on the stock. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Mizuho dropped their target price on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.31.

About Vornado Realty Trust

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.