Vornado Realty Trust $VNO Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,542,694 shares of the real estate investment trust’s stock after selling 183,783 shares during the period. Vanguard Group Inc. owned 0.12% of Vornado Realty Trust worth $954,185,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its holdings in Vornado Realty Trust by 6.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,807 shares of the real estate investment trust’s stock valued at $2,383,000 after acquiring an additional 3,428 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Vornado Realty Trust by 4.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,187 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 488 shares in the last quarter. Aberdeen Group plc lifted its stake in Vornado Realty Trust by 12.2% during the third quarter. Aberdeen Group plc now owns 71,229 shares of the real estate investment trust’s stock valued at $2,877,000 after purchasing an additional 7,749 shares during the last quarter. Metis Global Partners LLC lifted its stake in Vornado Realty Trust by 36.2% during the third quarter. Metis Global Partners LLC now owns 37,647 shares of the real estate investment trust’s stock valued at $1,526,000 after purchasing an additional 10,005 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Vornado Realty Trust by 460.0% during the third quarter. Assetmark Inc. now owns 16,822 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 13,818 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on VNO shares. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Scotiabank cut their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Evercore reduced their target price on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Finally, Truist Financial cut their price objective on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average target price of $37.67.

Vornado Realty Trust Price Performance

VNO opened at $29.06 on Friday. The firm has a market capitalization of $5.54 billion, a P/E ratio of 6.94, a PEG ratio of 1.44 and a beta of 1.52. The stock has a fifty day moving average of $32.40 and a 200-day moving average of $36.07. 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 has a 12-month low of $28.08 and a 12-month high of $43.37.

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

Vornado Realty Trust Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Thursday, December 18th were given a $0.74 dividend. This represents a dividend yield of 220.0%. The ex-dividend date of this dividend was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio is 17.66%.

Vornado Realty Trust Profile

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.