CSat Investment Advisory L.P. lessened its stake in Vornado Realty Trust (NYSE:VNO) by 12.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,181 shares of the real estate investment trust’s stock after selling 297 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Vornado Realty Trust were worth $99,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in shares of Vornado Realty Trust in the 1st quarter valued at about $27,000. Vantage Consulting Group Inc acquired a new stake in Vornado Realty Trust during the 4th quarter valued at $38,000. Neo Ivy Capital Management boosted its position in Vornado Realty Trust by 49.6% during the fourth quarter. Neo Ivy Capital Management now owns 1,052 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 349 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 36.6% in the fourth quarter. Meeder Asset Management Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 322 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in shares of Vornado Realty Trust in the first quarter valued at about $51,000. Hedge funds and other institutional investors own 67.14% of the company’s stock.
VNO stock traded down $0.02 during midday trading on Wednesday, reaching $47.24. The company had a trading volume of 3,661 shares, compared to its average volume of 2,002,617. Vornado Realty Trust has a 1-year low of $29.79 and a 1-year high of $50.91. The company’s 50 day simple moving average is $46.84. The company has a debt-to-equity ratio of 1.33, a current ratio of 5.78 and a quick ratio of 5.78. The stock has a market capitalization of $9.04 billion, a P/E ratio of -25.97 and a beta of 1.43.
Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, May 3rd. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.57). The firm had revenue of $379.98 million during the quarter, compared to analyst estimates of $377.79 million. Vornado Realty Trust had a negative net margin of 20.09% and a positive return on equity of 1.70%. Vornado Realty Trust’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Research analysts anticipate that Vornado Realty Trust will post 2.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 21st. Shareholders of record on Monday, May 10th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.49%. The ex-dividend date was Friday, May 7th. Vornado Realty Trust’s payout ratio is presently 83.79%.
Several research analysts have weighed in on VNO shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Vornado Realty Trust from $41.00 to $44.00 and gave the company a “hold” rating in a report on Monday, April 19th. Bank of America restated an “underperform” rating and issued a $44.00 price target (down from $48.00) on shares of Vornado Realty Trust in a research note on Tuesday, April 20th. Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating and set a $46.00 price objective on the stock in a research report on Friday, February 26th. Finally, Morgan Stanley boosted their target price on shares of Vornado Realty Trust from $37.00 to $41.00 and gave the company an “underweight” rating in a research report on Friday, April 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $42.86.
Vornado Realty Trust Profile
Vornado's portfolio is concentrated in the nation's key market  New York City  along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
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