Pensionfund Sabic Sells 32,700 Shares of Vornado Realty Trust (NYSE:VNO)

Pensionfund Sabic decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 74.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,237 shares of the real estate investment trust’s stock after selling 32,700 shares during the quarter. Pensionfund Sabic’s holdings in Vornado Realty Trust were worth $510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in VNO. Amundi Pioneer Asset Management Inc. lifted its position in shares of Vornado Realty Trust by 17.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 326,096 shares of the real estate investment trust’s stock worth $12,177,000 after buying an additional 48,740 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vornado Realty Trust by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,196,283 shares of the real estate investment trust’s stock worth $119,344,000 after buying an additional 88,123 shares in the last quarter. Norges Bank bought a new position in shares of Vornado Realty Trust during the 4th quarter worth approximately $675,196,000. UBS Asset Management Americas Inc. lifted its position in shares of Vornado Realty Trust by 13.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,478,200 shares of the real estate investment trust’s stock worth $55,196,000 after buying an additional 174,369 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Vornado Realty Trust during the 4th quarter worth approximately $15,462,000. 73.68% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on VNO. Truist raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $46.00 in a research report on Friday, January 22nd. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating and set a $46.00 target price on the stock in a research report on Friday, February 26th. Morgan Stanley lifted their target price on shares of Vornado Realty Trust from $34.00 to $37.00 and gave the stock an “underweight” rating in a research report on Monday, December 14th. Finally, Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, December 30th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.11.

NYSE:VNO opened at $45.93 on Thursday. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $8.79 billion, a PE ratio of 158.38 and a beta of 1.48. The firm’s 50 day moving average is $44.96 and its 200 day moving average is $38.75. Vornado Realty Trust has a 12 month low of $29.79 and a 12 month high of $49.50.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Tuesday, February 16th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.63). Vornado Realty Trust had a net margin of 6.43% and a return on equity of 2.31%. Research analysts predict that Vornado Realty Trust will post 2.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Monday, February 1st were paid a $0.53 dividend. The ex-dividend date was Friday, January 29th. This represents a $2.12 dividend on an annualized basis and a yield of 4.62%. Vornado Realty Trust’s dividend payout ratio is 60.74%.

About Vornado Realty Trust

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

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