Oak Thistle LLC Invests $683,000 in Vornado Realty Trust (NYSE:VNO)

Oak Thistle LLC bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,246 shares of the real estate investment trust’s stock, valued at approximately $683,000.

Several other large investors have also bought and sold shares of VNO. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in shares of Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 872 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 844 shares in the last quarter. Assetmark Inc. increased its stake in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vornado Realty Trust in the 2nd quarter worth about $48,000. 90.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VNO shares. Piper Sandler restated a “neutral” rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Scotiabank upped their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Barclays raised their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Three equities research 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 data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Price Performance

NYSE VNO opened at $40.90 on Thursday. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The stock has a 50-day moving average of $42.38 and a 200 day moving average of $37.46. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of -141.03 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) 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 company had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same period in the previous year, the business earned $0.66 EPS. The business’s revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.74 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a yield of 7.24%. Vornado Realty Trust’s payout ratio is currently -255.17%.

About Vornado Realty Trust

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