Vornado Realty Trust $VNO Stake Lessened by Rhumbline Advisers

Rhumbline Advisers cut its stake in Vornado Realty Trust (NYSE:VNO) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,489 shares of the real estate investment trust’s stock after selling 31,026 shares during the period. Rhumbline Advisers owned 0.24% of Vornado Realty Trust worth $18,542,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Vornado Realty Trust in the 2nd quarter valued at about $665,094,000. American Century Companies Inc. lifted its holdings in Vornado Realty Trust by 12.8% in the second quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust’s stock worth $16,972,000 after acquiring an additional 50,285 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in Vornado Realty Trust by 48.0% in 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 acquiring an additional 466,621 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Vornado Realty Trust by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,754,069 shares of the real estate investment trust’s stock valued at $105,316,000 after acquiring an additional 55,976 shares during the period. Finally, SCS Capital Management LLC bought a new position in shares of Vornado Realty Trust during the second quarter valued at approximately $9,975,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

Shares of NYSE VNO opened at $29.10 on Wednesday. The stock has a market cap of $5.55 billion, a P/E ratio of 6.95, a P/E/G ratio of 5.19 and a beta of 1.52. The firm’s 50-day simple moving average is $32.75 and its 200 day simple moving average is $36.24. Vornado Realty Trust has a fifty-two week low of $28.08 and a fifty-two week high of $43.37. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. During the same period in the previous year, the business posted $0.61 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 220.0%. Vornado Realty Trust’s payout ratio is presently 17.66%.

Wall Street Analyst Weigh In

VNO has been the topic of several recent research reports. Evercore cut their price target on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho reduced their price target on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Scotiabank dropped their price objective on shares of 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. Finally, Truist Financial reduced their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $37.67.

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.