International Assets Investment Management LLC Purchases New Position in Vornado Realty Trust (NYSE:VNO)

Posted by on Apr 15th, 2023

International Assets Investment Management LLC purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,837 shares of the real estate investment trust’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new stake in shares of Vornado Realty Trust during the third quarter valued at approximately $28,000. SOA Wealth Advisors LLC. increased its position in shares of Vornado Realty Trust by 540.6% during the third quarter. SOA Wealth Advisors LLC. now owns 1,294 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,092 shares in the last quarter. Allworth Financial LP increased its position in shares of Vornado Realty Trust by 40,700.0% during the third quarter. Allworth Financial LP now owns 1,632 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,628 shares in the last quarter. Ellevest Inc. increased its position in shares of Vornado Realty Trust by 46.4% during the third quarter. Ellevest Inc. now owns 2,128 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 674 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $52,000. Institutional investors own 75.97% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $14.50 on Friday. The company’s fifty day simple moving average is $18.04 and its 200-day simple moving average is $21.20. Vornado Realty Trust has a 1-year low of $12.53 and a 1-year high of $42.67. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 1.71.

Vornado Realty Trust (NYSE:VNO – Get Rating) last issued its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.57). Vornado Realty Trust had a positive return on equity of 3.01% and a negative net margin of 19.25%. The business had revenue of $446.94 million for the quarter, compared to analysts’ expectations of $452.88 million. During the same quarter in the prior year, the business earned $0.81 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Vornado Realty Trust will post 2.75 earnings per share for the current year.

Vornado Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Monday, January 30th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date was Friday, January 27th. Vornado Realty Trust’s dividend payout ratio (DPR) is -70.42%.

Analysts Set New Price Targets

VNO has been the subject of a number of research analyst reports. Mizuho raised shares of Vornado Realty Trust from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $23.00 in a research report on Wednesday, January 4th. TheStreet downgraded shares of Vornado Realty Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, February 15th. The Goldman Sachs Group initiated coverage on shares of Vornado Realty Trust in a research report on Tuesday, March 21st. They issued a “sell” rating and a $12.00 target price for the company. Evercore ISI cut their target price on shares of Vornado Realty Trust from $23.00 to $22.00 in a research report on Monday, March 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Vornado Realty Trust from $25.00 to $22.00 in a research report on Wednesday, January 4th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.56.

Vornado Realty Trust Profile

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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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