Vornado Realty Trust $VNO Shares Sold by Rhumbline Advisers

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

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in shares of Vornado Realty Trust in the 3rd quarter worth approximately $345,000. Oppenheimer Asset Management Inc. grew its position in Vornado Realty Trust by 6.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 112,546 shares of the real estate investment trust’s stock worth $4,561,000 after buying an additional 7,252 shares during the last quarter. Candriam S.C.A. increased its holdings in shares of Vornado Realty Trust by 173.8% in the third quarter. Candriam S.C.A. now owns 785,413 shares of the real estate investment trust’s stock valued at $31,833,000 after buying an additional 498,564 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Vornado Realty Trust by 101.3% in the third quarter. MCF Advisors LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 1,391 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Vornado Realty Trust by 80.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,585 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 1,593 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 2.6%

Shares of Vornado Realty Trust stock opened at $29.10 on Wednesday. Vornado Realty Trust has a 1 year low of $28.08 and a 1 year high of $43.37. The company 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 company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of $32.75 and a 200 day moving average price of $36.24.

Vornado Realty Trust (NYSE:VNO) last released its 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 analysts’ expectations of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. As a group, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

VNO has been the topic of a number of recent research reports. Mizuho decreased their target price on Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Scotiabank decreased their price target on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Piper Sandler cut their price objective on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a research note on Monday, November 24th. Finally, Truist Financial dropped their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.67.

Vornado Realty Trust Company 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.