Prospect Financial Services LLC Lowers Stock Position in Vornado Realty Trust (NYSE:VNO)

Prospect Financial Services LLC cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 6.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 106,294 shares of the real estate investment trust’s stock after selling 7,140 shares during the quarter. Vornado Realty Trust makes up 2.4% of Prospect Financial Services LLC’s holdings, making the stock its 14th biggest holding. Prospect Financial Services LLC’s holdings in Vornado Realty Trust were worth $4,469,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vert Asset Management LLC grew its stake in shares of Vornado Realty Trust by 3.3% during the 4th quarter. Vert Asset Management LLC now owns 70,508 shares of the real estate investment trust’s stock valued at $2,964,000 after buying an additional 2,226 shares during the period. Pacer Advisors Inc. boosted its position in Vornado Realty Trust by 3.7% during the 4th quarter. Pacer Advisors Inc. now owns 35,039 shares of the real estate investment trust’s stock worth $1,473,000 after purchasing an additional 1,246 shares during the period. KBC Group NV boosted its position in Vornado Realty Trust by 1,492.2% during the 4th quarter. KBC Group NV now owns 73,243 shares of the real estate investment trust’s stock worth $3,079,000 after purchasing an additional 68,643 shares during the period. Blue Trust Inc. boosted its position in Vornado Realty Trust by 61.6% during the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 677 shares during the period. Finally, MCF Advisors LLC boosted its position in Vornado Realty Trust by 140.7% during the 4th quarter. MCF Advisors LLC now owns 3,812 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 2,228 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $42.62 on Tuesday. The firm has a market cap of $8.12 billion, a PE ratio of -146.96 and a beta of 1.62. The firm’s 50-day simple moving average is $42.19 and its 200-day simple moving average is $38.40. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data 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 net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same period in the prior year, the company earned $0.66 EPS. Vornado Realty Trust’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.95%. 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. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VNO shares. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Barclays upped their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Scotiabank upped their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Truist Financial boosted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Company Profile

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