Strs Ohio Reduces Stock Position in Vornado Realty Trust $VNO

Strs Ohio cut its holdings in Vornado Realty Trust (NYSE:VNO) by 89.3% during the third quarter, Holdings Channel reports. The institutional investor owned 4,217 shares of the real estate investment trust’s stock after selling 35,132 shares during the period. Strs Ohio’s holdings in Vornado Realty Trust were worth $171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VNO. Quent Capital LLC purchased a new position in shares of Vornado Realty Trust in the 3rd quarter valued at about $39,000. Spire Wealth Management lifted its stake in Vornado Realty Trust by 19.6% during the third quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 275 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Vornado Realty Trust in the second quarter valued at approximately $111,000. Assetmark Inc. boosted its holdings in Vornado Realty Trust by 63.7% in the second quarter. Assetmark Inc. now owns 3,004 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,169 shares in the last quarter. Finally, State of Wyoming purchased a new position in Vornado Realty Trust in the second quarter valued at approximately $175,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 1.4%

VNO stock opened at $30.37 on Wednesday. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 5.34 and a beta of 1.52. The company has a fifty day moving average price of $33.84 and a 200 day moving average price of $36.86. The company has a debt-to-equity ratio of 1.42, a current ratio of 5.58 and a quick ratio of 5.58. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $45.37.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a net margin of 49.91% and a return on equity of 19.48%. The company had revenue of $453.70 million for the quarter, compared to analyst estimates of $435.19 million. During the same period in the previous year, the business posted $0.52 earnings per share. Vornado Realty Trust’s quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were given a $0.74 dividend. This represents a yield of 220.0%. The ex-dividend date was Thursday, December 18th. Vornado Realty Trust’s payout ratio is 17.62%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Mizuho cut their price target on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Scotiabank reduced their price target on shares of 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Finally, Truist Financial cut their target price on 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 analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.31.

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.