Private Management Group Inc. Sells 137,845 Shares of Vornado Realty Trust (NYSE:VNO)

Private Management Group Inc. lessened its stake in Vornado Realty Trust (NYSE:VNO) by 18.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 610,351 shares of the real estate investment trust’s stock after selling 137,845 shares during the period. Private Management Group Inc. owned 0.32% of Vornado Realty Trust worth $25,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after acquiring an additional 2,468,652 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vornado Realty Trust by 381.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock worth $47,492,000 after buying an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in Vornado Realty Trust by 2,021.1% in the third quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after buying an additional 947,562 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Scotiabank increased their price target 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. Barclays increased their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Compass Point upped their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Truist Financial lifted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Trading Up 1.0 %

Vornado Realty Trust stock opened at $42.66 on Thursday. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The company has a 50 day moving average of $42.17 and a 200-day moving average of $38.97.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the previous year, the company posted $0.66 earnings per share. Vornado Realty Trust’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.94%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently -255.17%.

Vornado Realty Trust Profile

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