MCF Advisors LLC Increases Stock Holdings in Vornado Realty Trust (NYSE:VNO)

MCF Advisors LLC increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 140.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,812 shares of the real estate investment trust’s stock after buying an additional 2,228 shares during the period. MCF Advisors LLC’s holdings in Vornado Realty Trust were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in Vornado Realty Trust in the 4th quarter valued at $32,000. UMB Bank n.a. raised its stake in Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc raised its stake in Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 872 shares during the last quarter. Blue Trust Inc. raised 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 purchasing an additional 844 shares during the last quarter. Finally, Assetmark Inc. raised 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 purchasing an additional 661 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on VNO. Scotiabank increased their price objective on 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. Piper Sandler reiterated a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Barclays lifted their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $37.61.

Vornado Realty Trust Stock Down 1.1 %

Shares of VNO opened at $41.49 on Thursday. The firm has a market cap of $7.91 billion, a P/E ratio of -143.07 and a beta of 1.62. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company’s 50-day moving average price is $42.11 and its 200 day moving average price is $38.00. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million during 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 business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.74 dividend. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s payout ratio is currently -255.17%.

Vornado Realty Trust Company Profile

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